HB 4114 Summary

• Reduces cigarette tax from 37.5 mills per cigarette to 18.75 mills per cigarette effective October 1, 2021.

• Reduces additional cigarette taxes imposed on August 1, 2002 and July 1, 2004 by 50% effective October 1, 2021 (from 15 mills to 7.5 mills and from 37.5 mills to 18.75 mills respectively).

• Reduces additional cigarette tax imposed August 1, 2002 from 10 mills to 5 mills per cigarette effective October 1, 2021.

• Adds effective date language of September 30, 2021 to existing cigarette tax provisions to clarify when reductions take effect.