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 SourceFY 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: RLROffice of the Legislative Fiscal Analyst