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IN HB1490
Bill
Status
1/18/2017
Primary Sponsor
Timothy Brown
Click for details
AI Summary
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Increases cigarette tax by $1 per pack, raising the rate from $0.04975 to $0.09975 per individual cigarette for regular size cigarettes (3 pounds or less per 1,000 cigarettes), effective July 1, 2017.
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Increases tax on larger cigarettes (more than 3 pounds per 1,000) from $0.06612 to $0.13257 per individual cigarette, with special provisions for cigarettes exceeding 6.5 inches in length.
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Redirects cigarette tax revenue allocation effective August 1, 2017, increasing the percentage deposited to the state general fund for Medicaid provider reimbursements from 2.46% to 44.11%.
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Requires full payment of amended tax rates on old revenue stamps held by distributors after June 30, 2017, to ensure compliance with the new tax structure.
Legislative Description
Cigarette tax. Increases the cigarette tax by $1 to $1.995 per pack of regular size cigarettes (and a corresponding increase for larger cigarettes) and uses the additional revenue for reimbursements of Medicaid providers.
Last Action
First reading: referred to Committee on Public Health
1/18/2017