Minimum Selling Price of Cigarette
The Minimum Selling Price of Cigarette Brands in Nebraska
Minimum Selling Price of Cigarette
In the state of Nebraska, the minimum selling price of cigarette brands is regulated by the Nebraska Department of Revenue. The department enforces specific guidelines and regulations to ensure that cigarette retailers adhere to the minimum prices set for various cigarette brands. This article will provide an overview of the minimum selling prices for different cigarette brands in Nebraska, along with the relevant legal information and resources.
Understanding the Minimum Selling Price
The minimum selling price of cigarette brands is determined by the Nebraska Department of Revenue through revenue rulings. These rulings establish the minimum prices that retailers must charge for each brand of cigarettes. The prices are based on factors such as manufacturer billed cost, wholesale cost, and retail cost. By setting minimum prices, the Department of Revenue aims to prevent unfair competition and ensure that retailers maintain a reasonable profit margin.
Revenue Rulings and Legal Information
To gain a better understanding of the minimum selling price regulations, it is essential to refer to the revenue rulings issued by the Nebraska Department of Revenue. These rulings provide detailed information about the minimum prices for each cigarette brand, including the manufacturer’s billed cost, wholesale cost, retail cost, and effective date.
- Revenue Ruling 57-22-1: Minimum Selling Price of Cigarettes
- Revenue Ruling 57-02-1: Unfair Cigarette Sales Act – Advertising
These revenue rulings provide valuable insights into the legal framework surrounding the minimum selling price of cigarette brands in Nebraska. Retailers should review these rulings to ensure compliance with the regulations.
Minimum Selling Prices of Cigarette Brands
The Nebraska Department of Revenue sets minimum selling prices for various cigarette brands to maintain a level playing field in the market. Below is a table outlining the minimum selling prices for select cigarette brands in Nebraska:
| Brand | Manufacturer | Billed Cost | Carton or Cube Cost | Wholesale Carton or Cube | Retail Carton or Cube | Retail Package | Effective Date |
|---|---|---|---|---|---|---|---|
| 24/7 | Xcaliber International Limited | 113.25 | 22.65 | 30.43 | 32.87 | 3.29 | 5/12/2023 |
| 305s | Dosal Tobacco Corporation | 128.00 | 25.60 | 33.52 | 36.21 | 3.63 | 10/25/2022 |
| 1839 | U.S. Flue-cured Tobacco Growers, Inc. | 197.25 | 39.45 | 48.03 | 51.88 | 5.19 | 7/3/2023 |
| ACE | U.S. Flue-cured Tobacco Growers, Inc. | 129.75 | 25.95 | 33.89 | 36.61 | 3.67 | 1/11/2023 |
| Aura | Cheyenne International, Llc | 153.01 | 30.60 | 38.76 | 41.87 | 4.19 | 06/18/2021 |
| Baron | American Blend Farmers Tobacco Co. Of Cynthiana, Inc. | 114.00 | 22.80 | 30.59 | 33.04 | 3.31 | 11/01/2017 |
| Basic | Philip Morris USA Inc | 364.20 | 72.84 | 83.01 | 89.66 | 8.97 | 7/23/2023 |
| Benson & Hedges | Philip Morris USA Inc | 432.50 | 86.50 | 97.32 | 105.11 | 10.52 | 7/23/2023 |
| Benson & Hedges Menthol Green | Philip Morris USA Inc | 349.70 | 69.94 | 79.97 | 86.37 | 8.64 | 7/23/2023 |
| Berley | Xcaliber International Limited | 124.75 | 24.95 | 32.84 | 35.47 | 3.55 | 5/12/2023 |
Please note that the above table only represents a selection of cigarette brands and their respective minimum selling prices. For a comprehensive list of all brands and their prices, please refer to the official revenue rulings issued by the Nebraska Department of Revenue.
Resources for Businesses
The Nebraska Department of Revenue offers several resources and online services to assist businesses in complying with the minimum selling price regulations. Here are some useful links and information for businesses:
- Sales Tax Rate Finder: This tool helps businesses determine the appropriate sales tax rate for specific locations in Nebraska.
- File/Pay Your Return: Businesses can file and pay their returns online through this service.
- Sales and Use Taxes: Information and resources related to sales and use taxes in Nebraska.
- Income Tax Withholding: Guidelines and online filing options for income tax withholding.
- Waste Reduction and Recycling Fee: Information on the waste reduction and recycling fee and how to file online.
- Litter Fee: Details about the litter fee and online filing options.
- Prepaid Wireless Surcharge: Information and online filing for the prepaid wireless surcharge.
- Cigarette Tax: Resources related to cigarette taxes and online filing options.
- Business Income Tax: Guidelines and e-filing options for business income tax.
- Motor Fuels Tax: Information and electronic filing options for motor fuels tax.
- Charitable Gaming: Resources and online services for charitable gaming activities.
Payment Options and Electronic Filing
The Nebraska Department of Revenue provides various payment options and encourages businesses to utilize electronic filing methods. These options include:
- Nebraska e-pay: Businesses can make electronic payments through the Nebraska e-pay system.
- Payment Options: Information about different payment options available to businesses.
- Electronic Payment and e-File Mandates: Details about electronic payment and e-file mandates for businesses.
- Withholding Payment/Deposit: Businesses can make withholding payments or deposits through this online service.
- ACH Credit: Information on using the ACH credit method for business payments.
- Tele-pay: Instructions for making payments through the Tele-pay system.
- Credit Card: Businesses can make payments using credit cards through this service.
- Business Payment Plan: Information on requesting a payment plan for business taxes.
Registering and Starting a Business in Nebraska
If you are planning to start a business in Nebraska, it is essential to register your new business with the Nebraska Department of Revenue. The department provides online registration services for new businesses. Here are some resources and information related to registering and starting a business in Nebraska:
- Register Your New Business Online: Online registration service for new businesses.
- Starting a Business in Nebraska: Information and guidelines for starting a business in Nebraska.
- Closing Your Business in Nebraska: Guidelines and resources for closing a business in Nebraska.
- Request a Business Tax Payment Plan: Information on requesting a payment plan for business taxes.
Sales and Use Tax Information
Sales and use taxes are an important aspect of business operations in Nebraska. The Nebraska Department of Revenue provides resources and information related to sales and use taxes. Here are some relevant links:
- Sales and Use Tax: Information and guidelines for sales and use taxes in Nebraska.
- Streamlined Sales and Use Tax: Details about the streamlined sales and use tax program.
- Remote Sellers & Marketplace Facilitators: Information for remote sellers and marketplace facilitators regarding sales and use taxes.
Conclusion
Understanding the minimum selling price of cigarette brands in Nebraska is crucial for businesses in the tobacco industry. The Nebraska Department of Revenue sets minimum prices to ensure fair competition and protect the interests of retailers. By referring to the revenue rulings and utilizing the resources provided by the department, businesses can comply with the regulations and contribute to a level playing field in the market.
Remember to consult the official revenue rulings for a comprehensive list of minimum selling prices for all cigarette brands. Additionally, businesses should explore the various resources and online services available to simplify their tax filing and payment processes.