The Rhode Island Division of Taxation has issued a notice to cigarette dealers regarding an increase in the cigarette tax. The new rate of 225 mills per cigarette increases the tax from $4.25 per package of 20 cigarettes to $4.50, effective from September 3, 2024. A Cigarette Floor Stock Tax Return is required to be completed after the close of business on September 2, 2024, and returned to the Division with full payment on or before September 16, 2024. The prepaid sales tax will also increase to $0.88 per pack of 20. Notice 2024-05, Rhode Island Division of Taxation, August 5, 2024