The Senate passed the Governor’s tobacco tax increase during a brief floor session Wednesday afternoon. Senate Bill 1005 would increase the state’s cigarette tax by 45 cents per pack, increase taxes on smokless tobacco products, and create a new tax on e-cigarette liquids.
The legislation is projected to raise over $70 million in revenue. The first $1 million generated would be dedicated to state’s smoking cessation fund. The next $43 million would be allocated to fund PEIA. The remainder of the revenue would be placed in the state’s general revenue budget. The bill now goes to the House of Delegates for consideration.
The Senate has adjourned until tomorrow at 11:30 a.m.
Senate Finance will meet at 2 p.m. in 451M
Senate Judiciary will meet at 3 p.m. in 208W
