Texas House Hikes Taxes On Cigarettes

Albanese, Elizabeth
April 2006
Bond Buyer;4/28/2006, Vol. 356 Issue 32370, p1
Trade Publication
The article reports that the Texas House has approved a cigarette tax hike but rejected a proposal to issue bonds for schools. The bond measure was stripped from HB 5, which was primarily written to provide supplementary revenue to fund public education. The Texas Supreme Court in November 2005 gave lawmakers a June 1, 2006 deadline to complex tax reforms aimed at funding public education in accordance with the constitution.


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