Tuesday, May 23, 2017

House JCAB passes $381M in "new revenue"



The House Joint Committee on Appropriations and Budget met late this evening and, among other measures, passed two bills that raised over $381,000,000 in new revenue.

SB845: Creates the “Smoking Cessation Act of 2017”. Bill proposes to assess a fee of $1.50 per pack of cigarettes to be paid by the wholesaler. Estimated Fiscal Impact: $257,841,000

HB2433: Bill proposes to amend the sales tax exemption for motor vehicles to provide that a portion of the state sales tax levy (1.25%) will apply to sales of motor vehicles. Estimated Fiscal Impact: $123,383,000

How this gets around the State Constitution Article 5, Section 33 (SQ640) is beyond me:


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