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S.F. No. 777 - Cigarette Excise Tax Annual Indexing Repeal (as proposed by the A-1 amendment)
 
Author: Senator Lyle Koenen
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: February 25, 2015



 

Repeals the requirement for an annual adjustment to the cigarette excise tax.  The annual adjustment requirement, enacted in 2013, was based on the change in the average retail price of cigarettes over the past year.  The new rate was increased from $2.83 per pack of 20 cigarettes to $2.90 per pack and was effective January 1, 2015.  As proposed to be amended, the bill repeals the annual adjustment requirement and permanently sets the excise tax at $2.90 per pack.

 
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