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CO SB273
Bill
Status
Introduced
3/29/2017
Primary Sponsor
Angela Williams
Click for details
AI Summary
- Amends the definition of "manufacturer's list price" for tobacco excise tax purposes in Colorado Revised Statutes 39-28.5-101
- Current law defines manufacturer's list price as the invoice price a manufacturer or supplier sells a tobacco product to a distributor, exclusive of discounts or reductions
- Permits a distributor to use the price at which the tobacco product is sold to the first importer of record or first manufacturer of record as the manufacturer's list price, if the distributor provides evidence of this price to the Department of Revenue
- Takes effect August 9, 2017, or later if subject to a referendum petition requiring voter approval at the November 2018 general election
Legislative Description
Manufacturer's List Price For Tobacco Products Tax
Liquor, Tobacco, & Marijuana
Last Action
Senate Second Reading Laid Over with Amendments to 05/11/2017 - Committee
4/24/2017
Committee Referrals
Committee of the Whole4/20/2017
Finance3/29/2017
Full Bill Text
No bill text available