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NC H341
Bill
Status
Introduced
3/14/2011
Primary Sponsor
Martha Alexander
Click for details
AI Summary
- Increases the cigarette tax from 2.25 cents per cigarette to 7.25 cents per cigarette.
- Increases the excise tax on tobacco products other than cigarettes from 12.8% to 41.25% of the cost price.
- Directs 9.8% of tobacco product tax proceeds to the University Cancer Research Fund and the remainder to the General Fund (reversing the previous allocation).
- Estimated to generate $272.5 million in additional revenue in the first year and prevent 81,200 North Carolina children from becoming addicted smokers.
- Takes effect January 1, 2012.
Legislative Description
Tobacco Products Tax Increase
Last Action
Ref To Com On Rules, Calendar, and Operations of the House
3/15/2011
Committee Referrals
Rules, Calendar, and Operations of the House3/15/2011
Full Bill Text
No bill text available