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Home News La. Senate committee approves tobacco tax renewal

La. Senate committee approves tobacco tax renewal

Wednesday, June 01 2011

By MOLLY DAVIS (AP) | Bloomberg Businessweek

Baton Rouge, LA

Bloomberg Businessweek logoA proposal to extend 4 cents of Louisiana's tobacco tax, which is set to expire in 2012, easily passed the Senate's tax committee Tuesday despite continued opposition from Gov. Bobby Jindal.

Rep. Harold Ritchie, D-Bogalusa, sponsor of the tax renewal, said the House-approved extension would help fund health care needs that arise from tobacco use in the state.

"I think it's important to our young people," Ritchie told the Senate Revenue and Fiscal Affairs Committee. "I think it's important to our budget."

Read more at businessweek.com...

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