Price of Cigarette Brands in Nebraska

The Minimum Selling Price of Cigarette Brands in Nebraska

Price of Cigarette Brands in Nebraska

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Price of Cigarette Brands in Nebraska
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.

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:

BrandManufacturerBilled CostCarton or Cube CostWholesale Carton or CubeRetail Carton or CubeRetail PackageEffective Date
24/7Xcaliber International Limited113.2522.6530.4332.873.295/12/2023
305sDosal Tobacco Corporation128.0025.6033.5236.213.6310/25/2022
1839U.S. Flue-cured Tobacco Growers, Inc.197.2539.4548.0351.885.197/3/2023
ACEU.S. Flue-cured Tobacco Growers, Inc.129.7525.9533.8936.613.671/11/2023
AuraCheyenne International, Llc153.0130.6038.7641.874.1906/18/2021
BaronAmerican Blend Farmers Tobacco Co. Of Cynthiana, Inc.114.0022.8030.5933.043.3111/01/2017
BasicPhilip Morris USA Inc364.2072.8483.0189.668.977/23/2023
Benson & HedgesPhilip Morris USA Inc432.5086.5097.32105.1110.527/23/2023
Benson & Hedges Menthol GreenPhilip Morris USA Inc349.7069.9479.9786.378.647/23/2023
BerleyXcaliber International Limited124.7524.9532.8435.473.555/12/2023

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:

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:

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:

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:

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.

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