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HI SB492
Bill
Status
3/5/2013
Primary Sponsor
Rosalyn Baker
Click for details
AI Summary
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Imposes an excise tax of $3.20 per net ounce on tobacco products (other than large cigars) sold by wholesalers or dealers, effective January 1, 2014.
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Tax is calculated based on manufacturer's listed net weight and applies to all fractional parts of an ounce.
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Revenue allocation: 12% to Hawaii cancer research special fund, 9% to trauma system special fund, 8% to community health centers special fund, and 8% to emergency medical services special fund.
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Establishes "manufacturer's listed net weight" as the weight of finished product shown on the tobacco product can, package, or shipping container.
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Takes effect July 1, 2013.
Legislative Description
Tobacco Products; Excise Tax; Special Funds
Last Action
The committee(s) on FIN recommend(s) that the measure be deferred.
4/1/2013