Pros and cons of IM#25 - tobacco tax

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Editor’s note: South Dakotans will vote on five ballot issues in the Nov. 6 general election. One of them, Initiated Measure 25, would increase the tobacco tax and create a fund for the purposes of lowering student tuition and providing financial support to the postsecondary technical institutes. The following explanation and pros and cons of IM#25 are from the Secretary of State’s office.

Attorney General Explanation of Initiated Measure 25

This measure increases the State tax on tobacco products sold in the state. The tax on packs containing 20 cigarettes would increase $1.00 per pack, and 25-cigarette packs would increase $1.25 per pack. Tax on other types of tobacco products such as cigars, roll-your-own, and chewing tobacco would change from the current rate (35% of the wholesale price) and be increased to 55% of the wholesale price.

 

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