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2004 SESSION

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HB 103 Cigarettes; tax increased, use for Medicaid Program.

Introduced by: Mitchell Van Yahres | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Cigarette tax. Increases the state cigarette tax rate from two and one-half cents per pack to 60 cents per pack. One-half of the additional revenue generated by the increase is to be used solely to fund the Virginia Medicaid Program. The remaining one-half of such revenues is to be distributed to all of the counties and cities of the Commonwealth based upon the number of school-aged children in each locality.


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