Cigarette taxes. |
13LSO-0523.L1 |
FISCAL NOTE
|
FY 2014 |
FY 2015 |
FY 2016 |
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Revenue Increase: |
|
|
|
EARMARKED REVENUE |
35,000,000 |
35,000,000 |
35,000,000 |
Source of revenue increase:
Cigarette tax increase of five cents per cigarette ($1.00 per pack)
Assumptions:
The above estimate is based on cigarette taxes projected in the January 2013 CREG Revenue Forecast.
The revenue received from this tax increase shall be distributed to and is continuously appropriated to the Department of Health for the Medicaid Program.
Any additional fiscal or personnel impact is not determinable due to insufficient time to complete the fiscal note process.
Prepared by: Dean Temte, LSO Phone: 777-7881