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NC S338
Bill
Status
Introduced
3/14/2011
Primary Sponsor
William Purcell
Click for details
AI Summary
- Increases cigarette tax from 2.25 cents to 7.25 cents per individual cigarette effective January 1, 2012
- Increases excise tax on tobacco products other than cigarettes from 12.8% to 41.25% of the cost price
- Redirects tobacco tax proceeds to allocate 9.8% to the University Cancer Research Fund (increased from 3%) and remainder to General Fund (reversed from prior 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
Legislative Description
Tobacco Products Tax Increase
Last Action
Ref To Com On Rules and Operations of the Senate
3/15/2011
Committee Referrals
Rules and Operations of the Senate3/15/2011
Full Bill Text
No bill text available