Report: Georgia could raise $585 million by upping taxes on toba - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Report: Georgia could raise $585 million by upping taxes on tobacco

Georgia could take in an extra $585 million next year by raising taxes on cigarettes and smokeless tobacco to about the national average, a tempting pool of money for a state desperately trying to raise big money for roads and transit.

A Georgia State University analysis estimates that raising Georgia's cigarette tax to $1.60 a pack would also have a lasting effect on revenue for years, bringing in hundreds of millions of dollars annually. The state could still raise an extra $554 million by fiscal 2020, despite the likelihood that fewer people would smoke because of the rate increase, according to the GSU fiscal report obtained by The Atlanta Journal-Constitution.

Read more: http://www.myajc.com/news/news/state-regional-govt-politics/report-georgia-could-raise-585-million-by-upping-t/nkBLY/#fcc8cea2.3828699.735642


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