Increases tobacco tax revenue for New Jersey cancer research to $10 million; establishes a dedicated Cancer Research Fund.
This bill raises the amount of cigarette and other tobacco products tax revenues provided to the New Jersey Commission on Cancer Research to $10 million. It also establishes a dedicated, non-lapsing Cancer Research Fund within the Department of the Treasury. The fund will serve as a repository for these tax revenues and any other approved funds. Moneys in the fund, along with any interest earned, will be used exclusively for providing grants for cancer research projects authorized and approved by the commission.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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