Election Day is rapidly approaching and I want you to have all the information you need to make an informed decision. Let me begin by directing you to the Secretary of State's (SOS) website which contains a variety of information. It has everything you need from confirming your registration to maps for the new districts -both State and U.S. The main elections page can be found here: http://www.sos.mo.gov/elections/faqs.asp. There you can also find all election ballot measures, including the exact language.
Below is information provided by the Missouri Secretary of State's office concerning Prop B - The Tobacco Tax.
Shall Missouri law be amended to:
|*||create the Health and Education Trust Fund with proceeds of a tax of $0.0365 per cigarette and 25% of the manufacturer's invoice price for roll-your-own tobacco and 15% for other tobacco products;|
|*||use Fund proceeds to reduce and prevent tobacco use and for elementary, secondary, college, and university public school funding; and|
|*||increase the amount that certain tobacco product manufacturers must maintain in their escrow accounts, to pay judgments or settlements, before any funds in escrow can be refunded to the tobacco product manufacturer and create bonding requirements for these manufacturers?|
Estimated additional revenue to state government is $283 million to $423 million annually with limited estimated implementation costs or savings. The revenue will fund only programs and services allowed by the proposal. The fiscal impact to local governmental entities is unknown. Escrow fund changes may result in an unknown increase in future state revenue.
The Missouri Foundation for Health provides a simple to understand explanation of the voters' impact:
Yes Vote / Supporters
Missouri law will create additional taxes on cigarettes and other tobacco products. Proceeds will support tobacco control and public education. All tobacco manufacturers will have comparable escrow fund requirements.
|The tobacco tax initiative would raise at least $283 million per year in state revenue and save Missouri money by reducing costs linked to smoking.|
No Vote / Opponents
Missouri law will not change regarding taxes on cigarettes and other tobacco products or the escrow requirements for generic and name brand tobacco product manufacturers.
The tobacco tax initiative would make Missouri tobacco sales less competitive than four border states and hurt businesses that sell tobacco products.
* I encourage you to visit the Missouri Foundation for Health (MFH) website, https://www.mffh.org where you will find additional information on the ballot measures; valuable information regarding a variety of health issues important to Missourians; view health reports on both a state and national level; read about their grant programs; and other health related information.
*Oct 23, 6-9 pm MU Extension Small Business Development is offering a three hour small business course where you will learn about the multiple small business services available to assist the small business owner. Everything from business startup to financing opportunities and available online training.
For more information or to register, contact the University of Missouri Extension Small Business Development Center at 573- 243-3581.
If you prefer to register online you can link here to do just that: https://extweb.missouri.edu/bdp/register...