Attachment 2

New York State Cigarette Taxes
Changes in tax rates vs. changes in revenues

Fiscal Year
Tax (cents per pack)
% incr. in year
Receipts (in 1,000s of $)
% change in year
Packs taxed (in millions)
% change in year
1992-93
39
 
555,087
 
1,423.30
 
1993-94
56
+ 43.6%
707,618
+ 27.5%
1,263.60
- 11.2%
1994-95
56
+ 0.0%
726,496
+ 2.7%
1,297.31
+ 2.7%
1995-96
56
+ 0.0%
693,416
- 4.6%
1,238.24
- 4.6%
1996-97
56
+ 0.0%
667,032
- 3.8%
1,191.13
- 3.8%
1997-98
56
+ 0.0%
675,503
+ 1.3%
1,206.26
+ 1.3%
1998-99
56
+ 0.0%
666,581
- 1.3%
1,190.32
- 1.3%
1999-2000
56
+ 0.0%
643,159
- 3.5%
1,148.50
- 3.5%
2000-01 *
111
+ 98.2%
990,690
+ 54.0%
892.51
- 22.3%
2001-02 **
111
+ 0.0%
932,000
- 5.9%
839.64
- 5.9%
Cumulative % change+ 184.6%
+ 67.9%
- 41.0%

 

Projected FY 2002-3 revenue, if a 39-cent increase cuts taxable consumption by 20% (in 1,000s of $)
1,007,568

   
Hypothetical net revenue increase from tax rate increase (in 1,000s of $)
75,568


Calculations by the Public Policy Institute; numbers found on pages 156 and 160 of Appendix Part 2 in the 2001-02 New York State Executive Budget