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AR SB347
Bill
Status
4/25/2019
Primary Sponsor
William Bond
Click for details
AI Summary
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Imposes a privilege tax on e-cigarettes sold in Arkansas equal to the total tax levied on tobacco products other than cigarettes.
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E-cigarettes are defined as vapor products or e-liquid products as defined in Arkansas Code § 26-57-203.
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Tax revenues are distributed with the first $10,000,000 credited to the University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund, and any remaining revenues credited to the university's operating cash fund.
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Tax is imposed, reported, remitted, and administered in the same manner and at the same time as taxes on other tobacco products under the Arkansas Tobacco Products Tax Act of 1977.
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Effective on the first day of the second calendar month following the act's effective date, with the Department of Finance and Administration, Arkansas Tobacco Control Director, and Arkansas Tobacco Control Board required to adopt implementing rules by September 1, 2019.
Legislative Description
To Impose A Privilege Tax On E-cigarettes; And To Designate The Revenues Derived From The Tax On E-cigarettes To Be Used By The University Of Arkansas For Medical Sciences.
Last Action
Sine Die adjournment
4/25/2019