Colorado’s teenagers report e-cigarette use at twice the national average; we lead the nation in teen vaping. Colorado’s cigarette tax rate is among the lowest in the country (39th) and we have no excise tax on liquid nicotine used in e-cigarettes.
Alliance for Kids is sharing information on the Tobacco and Nicotine Tax Referendum Bill (HB 1333) which recently passed the House. If the legislature passes the bill, it will go to the voters on the November 2019 ballot. Tax revenue from this bill would go toward Pre-K education.
Read the bill>> Page 36 describes the funding formula for revenue distribution. It’s 35% for preschool in the first year, 30% in the second year, and 27.5% in the third year and beyond. Pages 39-41 contain the preschool language. The ballot question is on pages 4-5. This is the start for getting universal prek.
This post is for information purposes only and does not imply an endorsement by Alliance for Kids.