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Sanford will veto cigarette tax hike

May 11, 2010 1:32:00 PM - thestate.com
Gov. Mark Sanford said Tuesday he will veto the General Assembly-passed cigarette tax increase.

Sanford said signing the legislation into law would amount to a $1.3 billion tax increase, the largest in a generation.

"The numbers are irrefutable -- we are going to veto the bill," Sanford said at a crowded midday press conference in his office.

With state revenue in a serious decline, the Legislature approved a 50 cent increase this year, which would have raised the tax -- the lowest in the nation, to 57 cents.

The state faces a $1.2 billion shortfall next year, and lawmakers see the cigarette tax increase as a revenue generator.

USA, South Carolina: (Latest Stories)