HB1071 - Tennessee - Health Care, Taxes, Tobacco, Tobacco Products

Companion Bill SB0406. Taxes, Tobacco, Tobacco Products - Increases tobacco tax by 4 cents a cigarette; proceeds to go into special account administered by commissioner of health for extraordinary health expenses of individuals. - Amends TCA Section 67-4-1004 and Section 67-6-228. Fiscal Summary for HB1071 / *SB0406 (CORRECTED) Increase State Revenues: $311,570,000 / Health Care Assistance Account $3,286,000 / General Fund $7,370,000 / Education Fund $42,000 / Department of Revenue $104,000 / Sinking Fund $322,372,000 - Total Revenue Increase Increase State Expenditures - $220,000 Recurring $75,000 One-Time Increase Local Govt. Revenues - $4,159,000 Bill Summary for HB1071 / *SB0406 This bill increases the tax on cigarettes from 10 mills per cigarette [...]

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