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Committee advances tobacco package that reallocates revenue to fund state cancer institute
Summary
House Bill 15 65, amended in committee, raises wholesaler minimum markups, alters border‑zone provisions and directs certain new tobacco and related revenues to the state cancer institute (NCI); DFA estimated multi‑year net general revenue declines but special revenue transfers to the NCI fund.
The Revenue & Tax Committee adopted an amendment and passed House Bill 15 65, a multi‑part tobacco package intended to fund the state cancer institute (NCI) and change several tobacco‑related tax and regulatory provisions.
Committee discussion and the adopted amendment removed a reduced rate for modified risk tobacco products and adjusted other provisions. The bill raises the minimum wholesaler markup from 7.5% to 9.5%, removes certain…
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