25.494.11 100th Legislative Session 54
Introduced by: The Chair of the Senate Committee on Appropriations at the request of the Bureau of Finance and Management
An Act to revise the distribution of revenue from the cigarette tax.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That § 10-50-52 be AMENDED:
10-50-52.
The first thirty
million dollars in revenue collected annually pursuant to this
chapter
shall
must be
deposited in the general fund. The next
five
two
million dollars in excess of thirty million dollars collected
annually
shall
must be
deposited in the tobacco prevention and reduction trust fund and
shall
must be
used to implement the tobacco prevention and reduction program. All
revenue collected
annually
pursuant to this chapter in excess of
thirty-five
thirty-two
million dollars
shall
must be
deposited in the general fund.
Underscores indicate new language.
Overstrikes
indicate deleted language.