SB 638 - Lamping, John
Increases the tax on cigarettes by twenty-six cents and modifies the tax rates for state income taxes
Bill Details
Sponsor
LR Number
4369S.02I
Title
SB 638
House Handler
N/A
Journal Page
Effective Date
August 28, 2012
Committee
Current Status
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 638 - This act increases Missouri's excise tax on cigarettes from seventeen cents per pack to forty-three cents per pack beginning August 28, 2012. The revenue derived from the twenty-six cent increase will be deposited in the general revenue fund.
The act modifies the tax rates for state income tax, to exempt the first two thousand dollars of Missouri adjusted gross income from state income tax and adjust the tax on other levels of income.
EMILY KALMER