A. The city hereby levies an excise tax of one hundred (100) mils, adjusted annually as provided in subsection B of this section, on each cigarette brought into the city for sale. Cigarettes upon which the tax is imposed are not again subject to the tax when acquired by another person.

B. The annual Consumer Price Index adjustment shall be based on the August release date of the semiannual report for the Municipality of Anchorage from the United States Department of Labor statistics and determined to be the percent change to the current year from the average of the first and second halves of the prior year, and will be effective January first (1st) of each year following the August release date. The first such adjustment date shall be January 1, 2014. [Ord. 24-01 § 2, 2024; Ord. 12-09 § 2.]