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Proposition 29 - Tobacco Tax for Cancer Research Act
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> United States > California > Propositions > 2012 Referendums > Prop 29 - Tobacco Tax
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| Type | Referendum |
| Filing Deadline | May 04, 2011 - 12:00pm |
| Polls Open | June 05, 2012 - 09:00am |
| Polls Close | June 05, 2012 - 10:00pm |
| Term Start | June 07, 2012 - 12:00am |
| Term End | December 31, 9999 - 12:00pm |
| Contributor | Jason |
| Last Modified | RBH July 13, 2012 11:53pm |
| Data Sources | [Link] |
| Description | Ballot title:
Imposes Additional Tax on Cigarettes for Cancer Research. Initiative Statute.
Official summary: Imposes additional five cent tax on each cigarette distributed ($1.00 per pack), and an equivalent tax increase on other tobacco products, to fund cancer research and other specified purposes. Requires tax revenues be deposited into a special fund to finance research and research facilities focused on detecting, preventing, treating, and curing cancer, heart disease, emphysema, and other tobacco-related diseases, and to finance prevention programs. Creates nine-member committee charged with administering the fund.
Summary of estimated fiscal impact: The independent California Legislative Analyst’s Office projects that the measure will generate approximately $855 million in first year, declining slightly but predictably (about 3% annually due to decrease in the number of smokers) every year thereafter. |
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