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MO HB1315
Bill
Status
1/13/2014
Primary Sponsor
Rory Ellinger
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AI Summary
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Repeals and replaces section 149.015 of Missouri law governing cigarette excise taxes with a new phased tax increase structure
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Imposes additional cigarette taxes starting January 1, 2015: 2 mills per cigarette in 2015, 4 mills in 2016, 6 mills in 2017, and 8 mills per cigarette in 2018 and thereafter
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Revenue generated by the additional tax (after a 3 percent reduction allowance) shall be deposited into the state general revenue fund
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Maintains existing tax structure of 8.5 mills per cigarette that can be reduced to 6.5 mills per cigarette under certain health initiatives fund appropriation conditions
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Requires approval by voters at the general election on the Tuesday following the first Monday in November 2014, or at a special election called by the governor, before taking effect
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 tax reaches 33 cents per pack, if approved by a vote of the people
Last Action
Referred: General Laws(H)
1/16/2014