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Companion Bill HB1399. Taxes, Tobacco, Tobacco Products - Increases tobacco tax by 3 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; Section 67-6-228 and Title 68, Chapter 1. Fiscal Summary for *SB1504 / HB1399Increase State Revenues: $223,632,000 / Health Care Assistance Account $3,242,000 / General Fund $7,272,000 / Education Fund $41,000 / Department of Revenue $103,000 / Sinking Fund $234,290,000 - Total Revenue Increase Increase State Expenditures - $220,000 Recurring $200,000 One-Time Increase Local Govt. Revenues - $4,104,000 Bill Summary for *SB1504 / HB1399 This bill increases the tax on cigarettes from 10 mills [...]

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Latest Actions
  • 05/09/2007 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/15/2007
  • 05/02/2007 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/08/2007
  • 05/01/2007 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/8/2007
  • 04/25/2007 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/01/2007
  • 04/24/2007 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/1/2007

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Bill Text
File name Last Updated
SB1504 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB1504 Fiscal Notes PDF10/27/2007