HB1193 - Tennessee - Taxes

Taxes - Increases tax on cigarettes from 10 mills per cigarette to 1.5 cents per cigarette; increases tax on spirits from $4.40 per gallon to $4.50 per gallon; increases tax on wine from $1.21 per gallon to $1.31 per gallon. - Amends TCA Title 57, Chapter 3, Part 3 and Title 67, Chapter 4, Part 10.

Increase State Revenues - $2,407,000 / General Fund $59,946,000 / Education Fund $14,000 / Department of Revenue $35,000 / Sinking Fund Increase State Expenditures - $6,000 One-Time $50,000 Recurring Increase Local Govt. Revenues - $1,682,000