Fiscal Note
HB0219 - Tobacco Tax Increase
State Impact:
Enactment of this bill will increase revenues to the General Fund by $40,100,000 in FY 2010 and $41,700,000 in FY 2011.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| General Fund | $0 | $0 | $0 | $0 | $40,100,000 | $41,700,000 |
| Total | $0 | $0 | $0 | $0 | $40,100,000 | $41,700,000 |
Individual, Business and/or Local Impact:
Local government sales tax revenue will increase by a total of $40,000. Businesses dealing in tobacco products will experience a decrease in revenue of $9,000,000. Individuals will see the average price per pack increase by $1.00.
| 1/21/2009, 1:48:18 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |