HB 247 - Cigarette Excise Tax Increase and Food Sales Tax Decrease - Mississippi Key Vote

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Title: Cigarette Excise Tax Increase and Food Sales Tax Decrease

Vote Smart's Synopsis:

Vote to pass a bill that raises the tax on cigarettes and lowers the sales tax on food.

Highlights:

- Increases the tax on cigarettes from 18 cents per pack to $1.00 per pack (sec. 1). - Allocates $1.3 million per month to the Education Enhancement Fund and $325,738 per month to the School Ad Valorem Tax Reduction Fund from the funds raised by the cigarette tax (sec. 2). - Lowers the sales tax on food for human consumption from 5 percent to 3.5 percent (sec. 4).

Title: Cigarette Excise Tax Increase and Food Sales Tax Decrease

NOTE: A THREE-FIFTHS MAJORITY OF THOSE PRESENT AND VOTING IS REQUIRED TO PASS A REVENUE BILL.

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