Civil Plaintiff
Iowa Receives $52.9 Million Payment from Tobacco Companies, Exceeds $1.36 Billion Since 1998 Settlement
Iowa Attorney General Tom Miller said Friday Iowa’s share of the 1998 landmark settlement with U.S. tobacco companies has now exceeded $1.36 billion.
Officials within Miller’s office say the Iowa treasury has received an annual transfer payment of about $52.9 million from tobacco companies involved in the multistate Master Settlement Agreement — the largest settlement in U.S. history.
Iowa will continue to receive yearly settlement payments in perpetuity, based on the number of cigarettes sold in the United States. In the last 22 years, Iowa has received more than $1.36 billion in those payments.
