Fiscal Note
HB0196 - Tobacco Tax Revisions
State Impact:
Enactment of this bill could increase the General Fund by $22,500,000 in FY 2011 and by $23,000,000 in FY 2012. One million of the increase is earmarked for the Gold Medal Schools program in the Department of Health.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| General Fund | $0 | $1,000,000 | $1,000,000 | $0 | $22,500,000 | $23,000,000 |
| Total | $0 | $1,000,000 | $1,000,000 | $0 | $22,500,000 | $23,000,000 |
Individual, Business and/or Local Impact:
Enactment of this bill should have no impact on local entities. Businesses are expected to see a decrease in revenue of $38,600,000 in FY 2011 and by $39,400,000 in FY 2012. Individuals will see an increase in cost in the aggregate of $22,500,000 in FY 2011 and by $23,000,000 in FY 2012.
| 1/9/2010, 1:47:00 PM, Lead Analyst: Wilko, A./Attny: TRV | Office of the Legislative Fiscal Analyst |