Extinguished cigarette on a table toble next to ashtray, ALT=Tobacco tax

Tobacco tax dies in House committee

in News/Taxes

A measure that would have boosted taxes on cigarettes and other tobacco products was killed in a House committee on Monday.

The House Revenue Committee voted 5-4 to keep HB 218 from reaching the House floor The bill would have increased cigarette taxes by $1 per pack, from 60 cents to $1.60.

The measure was one of a number of bills introduced this session aimed at raising tax revenues. 

Rep. Dan Zwonitzer, R-Cheyenne, chairman of the House Revenue Committee, said the bills represent ways legislators are looking at avoiding a state budget deficit moving forward.

“Three years ago after the financial crisis hit Wyoming, we were still in crisis mode, tryng to see how far down we were going to go,” he said. “Now that we’ve stabilized, it’s time to say ‘How are we going to fix this decrease.’ We’re $350 million still in deficit and so that’s why you’re seeing a lot of tax bills this session. It’s to say long-term moving forward, how do we make sure we have a balanced budget?”

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