HB 2341 Summary

• Establishes a stamp fee floor inventory tax on cigarette stamps held by licensees whenever the stamp fee is increased, to be paid by December 1 before the increased fee takes effect.

• Increases the carryover balance limit for the Tobacco Enforcement Special Fund from $500,000 to an unspecified amount (amount to be determined).

• Increases the total cigarette tax stamp fee from 1.7% to an unspecified percentage, with a corresponding increase to the portion deposited to the Tobacco Enforcement Special Fund (from 1.5% to an unspecified amount).

• Increases the annual deposit from tobacco settlement moneys to the Tobacco Enforcement Special Fund from $350,000 to an unspecified amount (amount to be determined).

• Takes effect July 1, 3000.