The ads on TV said it would tax - vaping, and go to fund pre-schools.
Did not say anything about increasing the tax on cigarettes, or where else the money could be spent.
You know that most people do not actually READ the proposed bill, they just go by what they see on TV.
It was on TV, it must be the truth.
The money can be spent on, rural schools, preschool funding, tobacco education programs, housing and health care.
How is housing and health care tied into pre-schools?
And how much of the money is ACTUALLY going to filter down to the pre-schools? WHENEVER that happens.
I hope the people that smoke cigarettes (and the rest) that voted to have the government screw us EVEN MORE are happy.
No telling where the funds are actually going to go, it is written into the bill, as usual.
The actual tax breakdown goes something like this....
Increase the per-cigarette tax to:
6.5 cents on January 1, 2021
8 cents on July 1, 2024
10 cents on July 1, 2027
Increase the statutory tobacco products tax from 20% of the manufacturer's list price (MLP) to:
30% of MLP on January 1, 2021
36% of MLP on July 1, 2024
42% of MLP on July 1, 2027
Establish a new tax on nicotine products as follows:
50% of MLP on January 1, 2021
56% of MLP on July 1, 2024
62% of MLP July 1, 2027
Establish separate tax rates (50% of the statutory tax rate) for ?modified risk? tobacco products
Establish a minimum tax for moist snuff tobacco products:
$1.48 per 1.2-ounce can on January 1, 2021
$1.84 per 1.2-ounce can on July 1, 2024
$2.26 per 1.2-ounce can on July 1, 2027
Create an inventory tax on all stamped cigarettes and unaffixed stamps in a wholesaler or wholesale subcontractor's possession or control at the time of a tax increase occurring after January 1, 2022
With these changes, the minimum price for a 20-pack of cigarettes will be $7 as of January 1, 2021, and $7.50 as of July 1, 2024.
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Originally Posted by JoeRoss
