State Lawmakers Hold Tobacco Revenue Hearing

AUSTIN (AP) – Texas lawmakers will hear testimony on how much revenue the state gets from tobacco-related manufacturers — and whether to make changes to increase it.

A 1998 settlement with the nation’s leading tobacco companies resulted in billions of dollars for Texas. The state has used some of the money to pay for the Children’s Health Insurance Program and various anti-smoking efforts.

On Tuesday, the Texas House Ways and Means Committee will hear about tobacco manufacturers that participated in that settlement and about differences with those that didn’t.

The committee also plans to evaluate whether any changes are needed to increase tobacco-related revenue.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

Comments

One Comment

Comments are closed.

More From CBS Dallas / Fort Worth

Drip Pan: CBS Local App
Drip Pan: Weather App

Listen Live