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MO HB342

Bill

Official Source

Status

Introduced

1/27/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Increases cigarette excise tax from 8.5 mills to 58.5 mills per cigarette (raising the per-pack tax on a 20-cigarette package from approximately 17 cents to $1.17)
  • Tax reduction to 6.5 mills per cigarette occurs if the General Assembly appropriates 25 percent of net federal Medicaid reimbursement allowance to the health initiatives fund
  • Revenue from the additional 50 mills tax increase is deposited into the state general revenue fund
  • Requires voter approval through referendum election held on the Tuesday following the first Monday in November 2011
  • Becomes effective only upon approval by a majority of votes cast in the referendum election

Legislative Description

Increases the excise tax on cigarettes from 17 cents to $1.17 per pack of 20 cigarettes upon voter approval

Last Action

Referred: Ways and Means (H)

4/12/2011

Committee Referrals

Ways And Means4/12/2011

Full Bill Text

No bill text available