Cigarette tax-2. |
03LSO-0162.C1 |
FISCAL NOTE (HB0110)
|
FY 2005 |
FY 2006 |
|
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Revenue Increase: |
|
|
|
EARMARKED REVENUE |
14,817,187 |
14,817,187 |
14,817,187 |
LOCAL SOURCES FUND |
5,258,594 |
5,258,594 |
5,258,594 |
WYO TOBACCO SETTLE INCOME |
5,258,594 |
5,258,594 |
5,258,594 |
Source of revenue increase: Increase in the cigarette tax.
Assumptions:
¨ 25% shall be distributed and is continuously appropriated to the Department of Health for the prescription drug assistance program (EARMARKED REVENUE).
¨ 25% shall be distributed and is continuously appropriated to the Department of Health to increase the reimbursement rate to health care providers under the Wyoming Medical Assistance and Services Act (EARMARKED REVENUE).
¨ 25% shall be deposited into the Wyoming Tobacco Settlement Trust Fund Income Account, continuously appropriated to the substance abuse control plan (WYO TOBACCO SETTLE INCOME).
¨ 25% shall be distributed to cities, towns and counties (LOCAL SOURCES FUND).
Prepared by: Dean Temte, LSO Phone: 777-7881
(information provided by Dan Noble, Dept. of Revenue; phone 777-5220: Patricia Guzman, Dept. of Health; phone 777-6228)