Under the compromise, the current tax rate of 57 cents a pack would become permanent, and the money would go to water projects for the first year, then to the capitol project until it’s fully funded. After that, the money would go back into an economic recovery reserve fund. Also, cigarette wholesalers would get a boost in their payments for affixing tax stamps to cigarette packs of about $300,000 a year, at state expense. The Legislature would re-examine that issue next year.
If the compromise is accepted by both houses – which can’t modify it, they can only vote up or down – then the Senate will re-amend the bill, and each house would have to give it a final vote.