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February 14, 2012 06:05 PM

Tobacco Tax In Minnesota

Two Minnesota lawmakers want the state's cigarette tax to more than double.

They want the extra money as a way to deter smoking and to repay Minnesota schools for their budget shortfalls in recent years.

Minnesota's current tax rate is $1.23 per pack. It ranks right in the middle of all states.  Doubling it would boost that to $2.52 per pack. 

It's estimated to generate $320 million in the next two years. 

South Dakota's cigarette tax is $1.53 per pack. In Iowa, it's $1.36.

The two Minnesota lawmakers plan on introducing the bill later this week.
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