SPONSOR: Butz
Currently, a tax shall be levied upon the sale of cigarettes at an amount equal to eight and one half mills per cigarette, until such time as the General Assembly appropriates an amount equal to 25% of the net Federal Reimbursement Allowance to the Health Initiatives Fund, then the tax shall be six and one half mills per cigarette beginning July 1st of the fiscal year immediately after such appropriation.
This bill adds an exception to this tax. Beginning January 1, 2025, an additional tax shall be levied upon the sale of cigarettes at an amount equal to five mills per cigarette. The revenue generated by this additional tax shall be dispersed as stated in the bill.
The bill contains a referendum clause and will not become effective unless approved by a majority of the qualified voters.
This bill is similar to HB 2869 (2022).
Statutes affected: