Tobacco tax increase approved
Governor Felix Camacho signed the substitute version of Bill 150 into law today. The measure, now Public Law 30-80, was introduced by Vice-Speaker B.J. Cruz and increases the tax on cigarettes and other tobacco products.
By KUAM Newsby Nick Delgado
Guam - Governor Felix Camacho signed the substitute version of Bill 150 into law today. The measure, now Public Law 30-80, was introduced by Vice-Speaker B.J. Cruz and increases the tax on cigarettes and other tobacco products. For example, the average pack of cigarettes will now cost about $5.
A portion of the revenue generated from the tax increase will be deposited into the newly-created Guam Cancer Trust Fund to be used by programs that support cancer screenings, treatment, and support services. Additionally, tax revenues will go to the Guam Memorial Hospital, the Department of Public Health and the Department of Mental Health to support disease prevention programs and address future healthcare demands associated with tobacco use.