TRENTON – A measure sponsored by Senator Joseph F. Vitale which would direct the Division of Treasury to look at a more secure cigarette tax stamp to prevent counterfeiting was approved today by the Senate by a vote of 38-0, receiving final legislative approval.
“As we’ve seen in this year’s budget deliberations, every penny of existing tax revenue is important to meeting the obligations of the State of New Jersey,” said Senator Vitale, D-Middlesex, and the Chair of the Senate Health, Human Services and Senior Citizens Committee. “However, every year, we lose millions of dollars in uncollected taxes due to counterfeit tobacco tax stamps. We need to do a better job in securing cigarette tax stamps, and ensuring that it’s harder for forgeries to get into the retail stream.”