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GA HB887
Bill
Status
Engrossed
2/26/2014
Primary Sponsor
Penny Houston
Click for details
AI Summary
- Removes the requirement for licensed tobacco manufacturers and importers to file a bond of not less than $1,000.00 with the commissioner, while retaining the bonding requirement for licensed distributors
- Licensed distributors must still file a bond of at least $1,000.00 to guarantee proper performance of duties and discharge of liabilities under the tobacco tax chapter
- The distributor's bond continues to run concurrently with the license and remains in effect for one year after license expiration or revocation, unless the commissioner certifies all state obligations have been paid
- Effective upon approval by the Governor or upon becoming law without such approval
Legislative Description
Tobacco products; manufacturers and importers; remove certain bonding requirements
Last Action
Senate Read Second Time
3/13/2014
Full Bill Text
No bill text available