Last updated on June 13th, 2024 at 05:22 pm
Convenience Store News In Brief…
Beginning July 1, Vermont residents began paying more when they get the urge to snack, with the introduction of a new 6 percent sales tax on soft drinks and a 9 percent meals tax on vending machine items. The taxes are part of a $30 million package of tax increases intended to help close a total $113 million gap between projected state spending and revenue. The sales tax on soft drinks is estimated to generate $7.9 million in revenue, while extending the meals tax to vending machines is estimated to yield $1 million. The vending machine tax applies only to items sold in the machines, not to those same items purchased elsewhere, such as a grocery store. One controversial aspect of the new law is that customers who use food stamps are exempt from the sales tax on soft drinks…
7-Eleven has announced the completion of an agreement with Financial Consulting & Trading International (FCTI) of California to become the company’s new ATM provider. FCTI is a subsidiary of Seven Bank, an ATM provider for all 7-Eleven stores in Japan. 7-Eleven’s U.S. company-operated and franchised stores are expected to transition to FCTI’s ATM program in 2017…
The U.S. Food and Drug Administration is looking to expand upon the e-vapor rules it initially announced in April 2014. The expansion would cover liquid nicotine products, nicotine exposure and child-resistant packaging requirements.
