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MO HB546
Bill
Status
2/12/2013
Primary Sponsor
Rory Ellinger
Click for details
AI Summary
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Adds a phased increase to the cigarette excise tax starting January 1, 2014, with incremental increases of 2 mills per cigarette annually through 2016, then 8 mills per cigarette for all years after January 1, 2017
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The tax increases are structured as: 2 mills in 2014, 4 mills in 2015, 6 mills in 2016, and 8 mills per year from 2017 onward, in addition to the existing base tax
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Revenue generated by these additional taxes, minus a 3% reduction allowance, is deposited into the state general revenue fund
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Maintains the existing cigarette tax structure where the base tax is 8.5 mills per cigarette, with a potential reduction to 6.5 mills if the general assembly appropriates 25% of net federal reimbursement allowance to the health initiatives fund
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The phased tax increase equates to approximately 4 cents additional per pack of 20 cigarettes per year until reaching the full 8 mills increment annually
Legislative Description
Increases the excise tax on cigarettes of 17 cents per pack of 20 cigarettes by 4 cents per pack per year for four years until the excise tax on cigarettes reaches 33 cents per pack
Last Action
Referred: Ways and Means(H)
5/17/2013