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2004 SESSION

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SB 465 Cigarettes and tobacco products; tax increased revenue deposited in Health Care Fund.

Introduced by: John H. Chichester | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Taxation; cigarettes and tobacco products. Increases the state excise tax on cigarettes from two and one-half cents to 20 cents per pack on July 1, 2004, and 35 cents per pack beginning July 1, 2005. The bill also provides for a 10 percent tax on other tobacco products at the wholesale level. The tax on other tobacco products is paid monthly through the filing of returns.

All revenue from cigarette and other tobacco products taxes would be deposited into a special fund known as the Virginia Health Care Fund. Moneys deposited to the fund would be used solely for the provision of health care services including, but not limited to Medicaid payments, disease diagnosis, prevention and control, and community health services.


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