Fiscal Note
HB0355S02 - Tax Changes and Appropriations for Preventive Health Activities
State Impact:
Enactment of this bill could reduce the General Fund by $144,200 in FY 2009 and by $1,144,000 in FY 2010. The bill also appropriates $3,100,000 annually for tobacco prevention activities. The General Fund reduction includes both a sales tax decrease and a cigarette tax increase.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $3,100,000 | $3,100,000 | $0 | ($144,200) | ($1,144,000) |
| Total | $0 | $3,100,000 | $3,100,000 | $0 | ($144,200) | ($1,144,000) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. There would be an increase of 50 cents a pack for individuals buying cigarettes. There is also a potential reduction is sales tax paid by individuals and businesses as a result of this bill.
| 2/28/2008, 9:46:11 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |