Signed by Governor Mike Rounds

Vote Smart's Synopsis:

A vote to pass a bill that creates and funds the health care tobacco tax fund and the education enhancement tobacco tax fund.

Highlights:

- Requires the first $30 million in revenue from tobacco taxes to be deposited in the general fund [sec 3 (10-50-52)]. - Deposits excess revenue into the tobacco prevention and reduction fund [sec 3 (10-50-52)]. - Uses $5 million of excess revenue for the tobacco prevention and reduction program [sec 3 (10-50-52]. - Transfers 33 percent of the revenue above the initial five million dollars into the property tax reduction fund [sec 3 (10-50-52)]. - Transfers 33 percent of the revenue above the initial $5 million into the education enhancement tobacco tax fund [sec 3 (10-50-52)]. - Transfer 34 percent of the revenue above the initial five million dollars into the health care tobacco tax fund [sec 3 (10-50-52)].

Full Bill Text

Vote Smart's Synopsis:

A vote to pass a bill that creates and funds the health care tobacco tax fund and the education enhancement tobacco tax fund.

Highlights:

- Requires the first $30 million in revenue from tobacco taxes to be deposited in the general fund [sec 3 (10-50-52)]. - Deposits excess revenue into the tobacco prevention and reduction fund [sec 3 (10-50-52)]. - Uses $5 million of excess revenue for the tobacco prevention and reduction program [sec 3 (10-50-52]. - Transfers 33 percent of the revenue above the initial five million dollars into the property tax reduction fund [sec 3 (10-50-52)]. - Transfers 33 percent of the revenue above the initial $5 million into the education enhancement tobacco tax fund [sec 3 (10-50-52)]. - Transfer 34 percent of the revenue above the initial five million dollars into the health care tobacco tax fund [sec 3 (10-50-52)].

Full Bill Text