HB 1434

Bill Subjects

Abstract

Increases the cigarette tax by $1 to $1.995 per pack of regular size cigarettes and makes a corresponding increase for larger cigarettes. Provides that revenue received from the increase in cigarette tax is deposited in the state general fund for the purpose of paying appropriations for Medicaid-Current Obligations, for provider reimbursements. Makes corresponding adjustments to the percentage of taxes deposited into other funds. Amends the definition of "tobacco product" to include e-liquid and an electronic cigarette. Amends the definition of "wholesale price" concerning tobacco products manufactured and sold in Indiana. Increases the tax on tobacco products (other than moist snuff) to 39% of the wholesale price of tobacco products.