Fiscal Note
SB0040 - Cigarette and Tobacco Tax Amendments
State Impact:
Enactment of this bill increases revenue to the Permanent State Trust Fund by $40,300,000 in FY 2011 and $53,800,000 in FY 2012.
Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
Restricted Funds | $0 | $0 | $0 | $0 | $40,300,000 | $53,800,000 |
Total | $0 | $0 | $0 | $0 | $40,300,000 | $53,800,000 |
Individual, Business and/or Local Impact:
Business revenues will decrease by $63,100,000 in FY 2011 and $50,500,000 in FY 2012. Individual tobacco costs will increase $40,300,000 in FY 2011 and $53,800,000 in FY 2012. Local government revenues may increase.
1/23/2010, 4:47:23 PM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |