CT HB07263

Modifies nonparticipating cigarette manufacturer bond requirements to be posted annually in conjunction with certification, rather than filed quarterly, with bonds acceptable from any state-authorized surety or other commissioner-approved security.

Changes bond amount calculation from a fixed minimum to the greater of $25,000 or the highest escrow payment owed in any of the five preceding calendar years, and allows the commissioner to authorize bond release once manufacturer requirements are met.

Reduces the allowable discrepancy between a manufacturer's nationwide reported cigarette sales and its reported interstate/intrastate sales from 5 percent to 2.5 percent, with a 10-day cure period after notice.

Permits the Commissioner to disclose tax return information to the Attorney General for Master Settlement Agreement implementation, and allows the Attorney General to share such information with participating and nonparticipating manufacturers under the Nonparticipating Manufacturer Adjustment Settlement Agreement.