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The average national price of a pack of cigarettes including tax is $7.28. Colorado smokers currently pay about $6.49. The tax increase would price a pack of cigarettes at $8.24 in Colorado.
Legislation being sponsored by Rep. Yadira Caraveo and Sen. Rhonda Fields, both Democrats, would ask voters in November if Colorado’s sales tax on cigarettes should increase from 84 cents to $2.59.
The concept first must be approved by state lawmakers, who took the first step Thursday with a hearing on Senate Bill 639 in Salem. public places to be free of smoke, vapor and aerosol. However,
· If the bill passes, the question would go on the ballot in November. Taxes on cigarettes in the state would go from $0.84 per pack to $2.59 per pack if approved.
The colorado tobacco tax increase for Health-Related Purposes Initiative, also known as Initiative 35, was on the November 2, 2004 ballot in Colorado as an initiated constitutional amendment, where it was approved.The measure raised taxes on tobacco and used the raised fund to pay for educational and preventative medicine health programs.
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Big tobacco has launched a forceful effort to stop a bill that would ask Colorado voters to approve a cigarette tax increase and a new nicotine tax, spending thousands of dollars on a social media campaign against it and hiring some of the most powerful lobbyists at the state Capitol to ensure the measure is killed.
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The tax increase would price a pack of cigarettes at $8.24 in Colorado. The Campaign for a Healthy Colorado says it should know if its initiative will make the November ballot by the end of August.
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The revenue would fund health care programs, expanded preschool and after-school activities. Sponsored by state Rep. Yadira Caraveo, D-Thornton, and state Sen. Rhonda Fields, D-Aurora, the bill would increase the tax on a pack of cigarettes from 84 cents to $2.59 and raise the tax on other tobacco products from 40% to 62%.
Help us achieve our vision of a world where the tax code doesn’t stand in the way of success. The Tax Foundation is the nation’s leading independent tax policy nonprofit. Since 1937, our principled.
Jodi Radke, a regional director for the Campaign for Tobacco-Free Kids, said a tax increase is “the No. 1 policy change we can put forth. nicotine or other vapor products, though. Still, the gross.