YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Only South Carolina levies a lower cigarette tax than Missouri.
Five of the six major tobacco-producing states have increased cigarette tax levies since July 2002, but Missouri has not increased its rate since 1993, according to the Missouri Budget Project, a nonprofit, statewide fiscal-analysis group.
Missouri Project officials contend that a 30-cent increase to the tax would bring Missouri’s rate to about half of the national average and would result in about $165 million in increased state revenue.
“Funds of this magnitude would be a real tonic for a hard-pressed budget,” said Tom Kruckemeyer, Missouri Budget Project’s director of fiscal policy and chief economist, in a news release. “It is notable that with most state governments dealing with major budget shortfalls, even the large tobacco-growing states have hiked their cigarette taxes in recent years.”
[[In-content Ad]]
Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.