Fiscal Note
HB0355 - Cigarette Tax Increase and Appropriations for Preventive Health Activities
State Impact:
Enactment of this bill would increase General Fund revenue by $21,700,000 in FY 2009 and by $21,160,000 in FY 2010. It will also increase restricted revenue by $3,900,000 annually. The bill requires appropriation of $3,900,000 per year from restricted funds for tobacco prevention activities.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $0 | $0 | $0 | $21,700,000 | $21,160,000 |
| Restricted Funds | $0 | $3,900,000 | $3,900,000 | $0 | $3,900,000 | $3,900,000 |
| Total | $0 | $3,900,000 | $3,900,000 | $0 | $25,600,000 | $25,060,000 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for businesses, or local governments. There would be an increase of 50 cents a pack for individuals buying cigarettes.
| 2/5/2008, 9:47:42 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |