One-Time Cigarette Tax Results 21 Aug 13

A one-time tax on cigarette supplies has generated more than $30.4-million, most of which will be used as a backup funding stream for the new Minnesota Vikings stadium. The details were released Tuesday. The tax was assessed on cigarettes already in stores or warehouses prior to July 1st, and was imposed as a way to discourage stockpiling before the cigarette tax permanently rose by $1.60 per-pack. Governor Dayton had earmarked $26.5-million for the stadium financing reserve fund. The initial hope that electronic pull-tabs would carry the weight hasn’t panned out. The amount the 1-time tobacco tax brought in is about $2-million less than projected as well, which means that fewer dollars will flow to the general treasury.