OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6488
AN ACT CONCERNING CIGARETTES, TOBACCO PRODUCTS,
ELECTRONIC NICOTINE DELIVERY SYSTEMS AND VAPOR
PRODUCTS.
Primary Analyst: CW 3/28/23
Contributing Analyst(s): RDP, ME, ES
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
Resources of the General Fund GF - Revenue
Loss
10.7 million 10.7 million
Resources of the Tobacco Health
Trust Fund
Tobacco Health
Trust Fund -
Revenue Gain
10.7 million 10.7 million
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill, which increases the annual Tobacco Settlement Fund
transfer to the Tobacco and Health Trust Fund, results in (1) a General
Fund revenue loss of $10.7 million and (2) a commensurate revenue gain
to the Tobacco and Health Trust Fund annually beginning in FY 24.
Section 2 requires the Mental Health and Addiction Services
commissioner to convene a working group to evaluate license fees,
penalties and taxes related to cigarettes, tobacco, and nicotine products,
which results in no fiscal impact because the working group has the
expertise to accomplish the requirements of the bill.
The Out Years
The annualized ongoing fiscal impact identified above would remain
constant into the future.