$2 cigarette tax added into state budget

Cigarette tax hike in final budget

After $2.4 billion in projected state revenues went up in smoke last week due to the negative impact of federal tariff s and ongoing economic uncertainty, Indiana lawmakers are hitting up Hoosier smokers to make up at least some of…

$2 cigarette tax added into state budget

INDIANAPOLIS — Tobacco products are set to be more heavily taxed in Indiana as lawmakers scramble to reel in a projected $2.4 billion shortfall in the state's budget. With state spending set to exceed incoming revenue by billions of dollars, Republican lawmakers have reconsidered a solution previously pushed by Democrats: a long-overdue increase to Indiana's cigarette tax. On Wednesday, Governor Mike Braun and several Republican legislative lead…

Final version of 2025 state budget bill

INDIANAPOLIS Governor Mike Braun and Republican leaders introduced the finalized version of the state's 2025 budget on Wednesday.Cuts were expected as the state faces a $2.4 billion shortfall.Public health is facing the most notable cuts. Public health will decrease to $40 million a year compared to last year's $100 million a year. This is one of the most significant cuts, according to lawmakers.Higher education is facing a 5% cut to their opera…

Preliminary Budget Says Prices for Tobacco Products will Go Up

Source: Photo: (Eric Berman/WIBC) STATEHOUSE — You will be paying more for cigarettes or other tobacco products, if you smoke, chew or dip, with decisions that have been made about the state budget for the next two years. The budget, as announced Wednesday afternoon at the Statehouse, also protects school vouchers and the promised income tax cuts. But, some state commissions have been cut, particularly ones that haven’t met for a while and cast …

Revised Indiana budget bill: Tax hikes and spending cuts across the board

Senate Bill 1 has made major changes to the Indiana budget, including a doubling of the cigarette tax, a 5% cut to higher education, and a 25%-30% cut to the Indiana Economic Development Corp.

Cigarette tax part of final Indiana budget deal

Lawmakers revealed a new budget deal that works to make up the $2 billion shortfall projected in the latest revenue forecast.