District poised to rake in $42M from ‘sin taxes’

The District is expected to rake in more than $42 million this fiscal year in so-called “sin taxes,” or taxes made on cigarette and alcohol sales, the Washington Examiner reported.

Records from the city’s chief financial officer show that the District collected nearly $15.2 million in cigarette taxes during the first five months of its fiscal year. Revenues from alcohol sales have climbed by about 7 percent to nearly $2.5 million, up from $2.3 million a year ago.

Read the full story from the Washington Business Journal.
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