Welcome to The Senate Site

On Thursday, the Utah Tax Review Commission released results of a study that furthers the debate on the value of a tobacco tax. You can listen to the meeting here.

From the Deseret News:

"Addressing questions posed by the Legislature's Revenue and Taxation Interim Committee, the panel released results Thursday that found that while raising the current rate of 69.5 cents levied on a pack of smokes could add tens of millions to state coffers, the tax would target a narrow base of taxpayers, is regressive in nature and squeezes dollars from those saddled with an addiction."

"The panel's report cites numerous studies that claim a link between the urge to smoke and the price of cigarettes — when costs go up, tobacco use goes down. However, the information was qualified by the recognition that many factors contribute to the habits of smokers, and the study noted, "we cannot precisely determine the extent or strength of the relationship between price and demand for cigarettes and other tobacco products.""

0 Comments:

Post a Comment

<< Home

Twitter Updates

Follow @UtahSenate on Twitter