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MO HB859
Bill
Status
3/15/2011
Primary Sponsor
Rory Ellinger
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AI Summary
HB 859 Summary
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Repeals and replaces section 149.015 relating to cigarette excise taxes in Missouri
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Implements a phased increase in the additional cigarette tax starting January 1, 2012, with annual increments ranging from 6.25 mills to 50 mills per cigarette through 2019
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Increases the additional tax to 50 mills per cigarette for all calendar years beginning January 1, 2019, and thereafter
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Deposits revenue generated by the additional tax (less 3% reduction allowance) into the state general revenue fund
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Maintains existing tax structure at 8.5 mills per cigarette, with provisions for reduction to 6.5 mills if the general assembly appropriates 25% of net federal reimbursement allowance to the health initiatives fund
Legislative Description
Increases the excise tax on cigarettes of 17 cents per pack of 20 cigarettes by 12.5 cents per pack per year for eight years until the excise tax on cigarettes reaches $1.17 per pack
Last Action
Referred: Ways and Means (H)
4/12/2011