Colorado Bill Would Put Vapor and Cigarette Tax Increases on Ballot

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The revenue would fund health care programs, expanded preschool and after-school activities. Sponsored by state Rep. Yadira Caraveo, D-Thornton, and state Sen. Rhonda Fields, D-Aurora, the bill would increase the tax on a pack of cigarettes from 84 cents to $2.59 and raise the tax on other tobacco products from 40% to 62%.

Colorado voters did approve a cigarette tax back in 2004, one of the few successful statewide tax increases since the advent of the Taxpayer’s Bill of Rights in 1992.

The tax increase would price a pack of cigarettes at $8.24 in Colorado. The Campaign for a Healthy Colorado says it should know if its initiative will make the November ballot by the end of August.

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Gov. Jared Polis joined Democrats to endorse a plan on Wednesday, first reported by The Colorado Sun, to ask voters to sign off on a 62% nicotine tax that would for the first time tax vaping products, and also lift Colorado’s tariff on tobacco products from 40% – one of the lowest rates in the U.S. That would increase the taxes on a package.

Colorado is one of only 14 states that put citizen referendums directly on the ballot. where every proposed tax must be approved by voters, due to the Taxpayer Bill of Rights passed in 1992.

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CO – Stop a Vapor Tax (to be decided by ballot initiative)! May 2, 2019 Colorado House Bill 1333 would put a 62% tax on vaping on the ballot during the 2019 statewide election in November.

Legislation being sponsored by Rep. Yadira Caraveo and Sen. Rhonda Fields, both Democrats, would ask voters in November if Colorado’s sales tax on cigarettes should increase from 84 cents to $2.59.

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According to data from the 2017 healthy kids colorado Survey, 34% of high school students said they definitely or probably would use an electronic vapor. cigarette would face heavy sin taxes but.

Nine states and the District of Columbia levy taxes on these products, while several localities levy the tax independently from their states. There is no federal tax on vapor products. This week’s map shows where state and local vapor taxes stand as of January 1, 2019. Vapor taxes vary in both tax jurisdiction (whether state or local) and method.