Bill Text | History of Actions | Background | Title |
Description: Tobacco products; increase excise tax on, and earmark revenues from increase for certain purposes.
Bill Text: [Introduced]
| 1 | 01/24 (H) Referred To Ways and Means | |
| 2 | 02/27 (H) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Eads
Additional Authors: Scott (17th), Whittington
Code Sections: A 027-0069-0013, A 027-0069-0075, A 027-0069-0031
Title: AN ACT TO AMEND SECTION 27-69-13, MISSISSIPPI CODE OF 1972, TO INCREASE THE EXCISE TAX ON TOBACCO PRODUCTS; TO SPECIFY THE AMOUNT OF THE DISCOUNT OR COMPENSATION ON THE ADDITIONAL FACE VALUE OF STAMPS PURCHASED BY DEALERS TO COMPLY WITH THE TAX INCREASE PROVIDED FOR BY THIS ACT; TO AMEND SECTION 27-69-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE REVENUE DERIVED FROM THE TAX INCREASE PROVIDED FOR BY THIS ACT SHALL BE DEPOSITED INTO SPECIAL FUNDS IN THE STATE TREASURY TO THE CREDIT OF THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER, THE STATE DEPARTMENT OF EDUCATION, THE STATE VETERANS AFFAIRS BOARD AND THE RESEARCH INSTITUTE OF PHARMACEUTICAL SCIENCES, NOT TO EXCEED A MAXIMUM AMOUNT OF THE REVENUE COLLECTED DURING ANY FISCAL YEAR FOR EACH FUND; TO CREATE EACH OF THOSE SPECIAL FUNDS IN THE STATE TREASURY FOR THOSE ENTITIES AND TO SPECIFY THE PURPOSES FOR WHICH THE MONIES IN EACH SPECIAL FUND MAY BE EXPENDED; TO AMEND SECTION 27-69-31, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; TO PROVIDE THAT THIS ACT WILL STAND REPEALED ON JULY 1, 2007; AND FOR RELATED PURPOSES.
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2002/html/History/HB/HB1673.htm