|
State Impact:
Passage of this bill could increase total revenues by $25,100,000 beginning in FY 2004. There is a potential increase in revenues in FY 2002
of approximately $2,300,000 resulting from pre-buying. The revenue increase resulting in FY 2003 would be approximately $21,100,000.
Approximately two-thirds of the revenue will accrue to the Cigarette Tax Restricted account and the remaining one-third will accrue to the
General Fund.
The bill provides for annual appropriations to the Department of Health, the University of Utah Health Sciences Center, and the Medical
Education Council.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 04
Approp. |
FY 02
Revenue |
FY 03
Revenue |
FY 04
Revenue |
|
General Fund
|
$0
|
$0
|
$0
|
$1,320,000
|
$6,963,000
|
$8,283,000
|
|
Restricted Funds
|
$2,680,000
|
$14,137,000
|
$16,817,000
|
$2,680,000
|
$14,137,000
|
$16,817,000
|
| TOTAL |
$2,680,000
|
$14,137,000
|
$16,817,000
|
$4,000,000
|
$21,100,000
|
$25,100,000
|
Individual and Business
Impact:
Individuals who smoke will see a 30 cent increase in cost per pack.
Office of the Legislative Fiscal Analyst
1/20/2002 3:43:07 PM
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