Dayton: Use Cigarette, Corporate Taxes For Stadium
Dayton’s revenue commissioner unveiled the latest proposal Thursday in the House-Senate tax conference committee. It comes as lawmakers rush wrap up this year’s session by Monday.
The proposal calls for setting aside an estimated $24.5 million in one-time revenue that will be generated from current cigarette inventories when the per-pack tax is increased. Dayton is now backing a cigarette tax increase of $1.23 per pack to $2.52, more than he first proposed.
After that, additional backup money would come from toughening collections on corporate income that the administration says some corporations have figured out how to avoid.
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