Loading chat...
MO SB638
Bill
Status
Introduced
1/10/2012
Primary Sponsor
John Lamping
Click for details
AI Summary
- Increases cigarette tax from 8.5 mills per cigarette to 21.5 mills per cigarette, effective August 28, 2012
- Revenue from the additional 13 mills tax increase is deposited into the general revenue fund
- Modifies Missouri income tax rates by reducing tax brackets and lowering rates for residents earning $2,000 or more annually
- Raises the income threshold for no tax liability from $100 to $2,000 in taxable income
- Changes the cigarette tax table requirements to apply to residents with less than $9,000 in taxable income instead of previous threshold
Legislative Description
Increases the tax on cigarettes by twenty-six cents and modifies the tax rates for state income taxes
Last Action
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
2/2/2012
Committee Referrals
Ways And Means And Fiscal Oversight2/2/2012
Full Bill Text
No bill text available