The Tobacco Tax of 2006 Trust Fund
October 26th, 2006 . by ChrisProposition 86 plans to implement the first tobacco excise hike since 1998. The new tax will add $.13 to each cigarette (that’s $2.60 a pack) and about $4 to each can of smokeless tobacco. Its passing will create The Tobacco Tax of 2006 Trust Fund in the State Treasury. Through this trust fund, profits will be allocated into various sub-accounts. Most of the money will not go to what it should.
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