Tobacco tax increases that would add $6.46M in revenue fail to advance in Wyoming - Casper, WY Oil City News
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Tobacco tax increases that would add $6.46M in revenue fail to advance in Wyoming

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CASPER, Wyo. — A proposal to raise taxes on cigarettes and moist snuff which would have generated about $7.07 million in additional revenue per year will not advance any further during the Wyoming Legislature’s 2021 General Session.

While the House Revenue Committee had voted 6-3 in January to recommend that the full House pass House Bill 55, the House did not take up the bill for a first reading vote ahead of the Monday, March 22 deadline.

Monday marked the last day for bills to be considered on first reading (Committee of the Whole) this legislative session.

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House Bill 55 would have raised the cigarette tax in Wyoming from $0.60 per pack to $0.84 per pack, according to the Legislative Service Office. It also would have increased the tax on moist snuff from “$0.60 per ounce plus a proportionate tax at the same rate for any amount over 1 ounce to $0.72 per ounce plus a proportionate tax at the same rate for any amount over 1 ounce,” the LSO said in the fiscal note on the proposed legislation.

The tax increases would have generated an estimated $6.46 million in additional revenue in fiscal year 2022 and an additional $7.07 million per year in subsequent years, according to the LSO.

The revenues would have supported both the state’s General Fund as well as funding for local governments.