The agreement provides that the tobacco companies' payments to the
states will be reduced by the amount of any new federal funds
obtained from the tobacco companies through any federal legislation
(e.g., a tobacco tax increase or any other charges against the
tobacco companies) enacted on or before November 30, 2002, so long
as those funds are made available to the states by the federal
government, either for unrestricted purposes or for any form of
health care or tobacco control. Federal tobacco tax increases that
use the new revenue to support purely federal programs or that
direct them to specific state purposes other than tobacco control or
health care will have no effect on the state settlement payments.
Back to Top Home Settlement Points: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13]
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