SB5026: Cigarette and tobacco products tax; increases, revenue to be deposited in Transportation Trust Fund.

Chief Patron

Sen. Russ Potts (R-27)

Russ Potts (R-27)
Served: 1992–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

Bill is Dead

View Entire History

Summary

Increase in cigarette tax and tobacco products tax. Effective July 1, 2007, increases the cigarette tax from 1.5 cents to 5.25 cents per cigarette sold and increases the tobacco products tax from 10% of the manufacturer's sales price to 15%. All revenues generated under the bill would be deposited into the Transportation Trust Fund.

For an individual package of cigarettes containing 20 cigarettes (currently the majority of packages), under the bill the cigarette tax effective July 1, 2007, would be $1.05 per pack.   View Full Text »