"Ohio currently receives about 600 million dollars annually from cigarette taxes. If smoking is restricted and fewer cigarettes are purchased, the legislature will need to compensate for the loss of revenue."
2007-10-17 08:03:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
It means that if laws cause fewer people to smoke then the amount of tax money the state of Ohio gets will decrease and they will have to find new sources of revenue or cut stuff from the budget.
2007-10-17 08:12:46 · answer #1 · answered by pureevilpopstar 3 · 0⤊ 0⤋
Sounds pretty straightforward. They're saying that if they get less tax money from cigarette taxes, they'll have to get the extra amount someplace else, probably by raising some other tax.
2007-10-17 15:12:53 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
It means exactly what it says. What is your question??
2007-10-17 15:17:02 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋