Illinois Cigarette Tax Rises 150 Percent in July
The Commission on Government Forecasting and Accountability tells The (Springfield) State Journal-Register that the increase is from last year's $1-per-pack tax increase.
Revenue manager Jim Muschinske says most of the money from that tax hike hasn't shown up until now because many distributors stocked up on cigarettes when the tax rate was lower. That inventory is just now being replaced.
State tax collections fell short of expectations after the tax rose from 98 cents to $1.98 last June. The state expected to bring in about $350 million in tobacco taxes during the last fiscal year, but collected $250 million.
See other LocalNews news:Chicago Man Returned to Marion County To Face Charges Filed After Laura Leake Park Shooting
Four Arrested in Marion County On Felony Drug Charges
Three Vandalia Residents Hurt in I-70 Crash in Effingham County
Ohio Man Hurt in I-70 Crash in Fayette County
Police Beat for Saturday, June 25th, 2016