CT SB00390

Adds definition of "importer" to cigarette regulations and establishes a "Nonparticipating Manufacturer Adjustment Settlement Agreement" executed May 24, 2013 between the state and participating manufacturers.

Changes escrow deposit requirements for nonparticipating manufacturers from annual to quarterly basis effective January 1, 2015, with deposits due within 30 days of quarter end instead of April 15 annually.

Requires nonparticipating manufacturers located outside the United States to ensure their importers appoint agents for service of process in Connecticut and maintain bonding requirements of at least $25,000 or the greatest escrow amount owed in the prior five years.

Establishes new compliance verification requirements including federal permit certification under 26 USC 5713 and registration under 15 USC 375 et seq., with penalties for material misrepresentations in manufacturer certifications.

Adds sales reconciliation provision allowing the Commissioner to exclude nonparticipating manufacturers from the directory if nationwide reported sales exceed reported federal excise tax sales by more than five percent or one million cigarettes, unless cured within ten days.