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A dollar more for cigarettes?
Posted: 05.30.2012 at 8:23 AM
0

Illinois lawmakers have approved raising cigarette taxes by one dollar a pack.

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SPRINGFIELD, ILL. (AP) -- Smokers in Illinois may soon pay more for their habit.

Illinois lawmakers have approved raising cigarette taxes by one dollar a pack.

The bill now goes to Governor Pat Quinn for his signature.

Supporters say the tax hike will help close a $2.7 billion hole in the state Medicaid budget and help prevent smoking.

The tax is expected to generate about $350 million a year.  That would then be matched by the federal government to yield about $700 million.

Other tobacco products would see state taxes rise too. Click here to read more about the bill.

(Copyright ©2012 by The Associated Press. All Rights Reserved.)

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