Bill Text | History of Actions | Background | Title |
Description: Provide for assessment upon packages of cigarettes to be deposited into the Health Care Trust Fund.
Bill Text: [Introduced]
| 1 | 02/23 (S) Referred To Finance | |
| 2 | 03/31 (S) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Gordon
Title: AN ACT TO IMPOSE AN ASSESSMENT IN THE AMOUNT OF FORTY CENTS ON EACH PACKAGE OF CIGARETTES TO WHICH A STAMP IS AFFIXED PURSUANT TO THE TOBACCO TAX LAW; TO PROVIDE FOR ANNUAL 3% INCREASES IN THE ASSESSMENT; TO PROVIDE THAT IF THE MANUFACTURER OF THE CIGARETTES IS NOT A PARTICIPANT IN THE TOBACCO SETTLEMENT, THE STATE TAX COMMISSION SHALL COLLECT THE ASSESSMENT FROM THE PERSON WHO AFFIXES THE STAMP REQUIRED BY THE TOBACCO TAX LAW; TO PROVIDE THAT IF THE MANUFACTURER OF THE CIGARETTES IS A PARTICIPANT IN THE TOBACCO SETTLEMENT, THE STATE TAX COMMISSION SHALL COLLECT THE ASSESSMENT DIRECTLY FROM THE CIGARETTE MANUFACTURER; A CIGARETTE MANUFACTURER THAT IS PARTICIPATING IN THE TOBACCO SETTLEMENT SHALL BE ENTITLED TO A CREDIT AGAINST THE AMOUNT OF THE ASSESSMENT OWED UNDER THIS SECTION IN AN AMOUNT EQUAL TO THE PAYMENTS IT HAS MADE UNDER THE SETTLEMENT AGREEMENT DURING THE TWELVE MONTHS IMMEDIATELY PRIOR TO THE DUE DATE OF THE ASSESSMENT; TO PROVIDE THAT NO PERSON SHALL AFFIX THE STAMP REQUIRED BY THE TOBACCO TAX LAW ON ANY PACKAGE OF CIGARETTES AFTER RECEIVING NOTICE FROM THE STATE TAX COMMISSION THAT THE MANUFACTURER HAS NOT PAID IN FULL THE ASSESSMENT IMPOSED BY THIS SECTION; TO PROVIDE THAT ASSESSMENTS COLLECTED UNDER THE PROVISIONS OF THIS SECTION SHALL BE DEPOSITED INTO THE HEALTH CARE TRUST FUND; AND FOR RELATED PURPOSES.
End Of Document
2004/html/History/SB/SB2861.htm