Thursday, July 7, 2016

New proposed tobacco initiative would triple cigarette taxes in Colorado

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A proposed constitutional amendment that could go before voters this fall would triple the taxes on a pack of cigarettes in Colorado, in the hopes of persuading more people never to start smoking.

The measure — currently dubbed Proposed Initiative 143 — would add an extra $1.75-per-pack tax to the 84 cents-per-pack tax that smokers in Colorado already pay. It would also increase taxes on other tobacco products such as cigars or chewing tobacco by 22 percent.

In total, the measure is expected to bring in $315 million in its first year, supporters say. Most of the money would go toward programs to help people stop smoking, research on tobacco-use-related diseases and campaigns to discourage kids from taking up smoking. But other chunks of money would fund programs for veterans’ health, programs that pay off the student loans of doctors who work in rural areas and programs that expand access to health care for kids and adults.

For the rest of the story, go to The Denver Post.

To learn about tobacco tax increase proposals in Colorado and other states, go to The New York Times

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