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Illinois Supreme Court Strikes Down Chicago's Tax on Other Tobacco Products Civic Federation What are the major federal excise taxes, and how much money do they raise? Tax Policy Center and international news., In a major fiscal tightening measure targeted at luxury and health hazardous commodities, the federal government has announced a 10% tax hike on cigarettes for the upcoming Tobacco & Cigarette State Excise Tax for 2026 Federal Tobacco Tax Revenues are Declining
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