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IA SF612
Bill
AI Summary
- Requires all cigarette and tobacco permit applications, bonds, fees, reports, returns, and remittances to be submitted electronically to the Department of Revenue, with penalties for non-compliance
- Transfers retail cigarette and tobacco permit issuance authority from cities and counties to the Department of Revenue, with local governments approving applications and the department issuing permits on their behalf
- Extends the fiscal year 2025-2026 budget certification deadline to July 1, 2025, for cities with populations between 20,400 and 20,500, waiving hearing and protest requirements
- Increases the historic preservation tax credit refundability to 100% for tax years beginning on or after January 1, 2025, eliminating the previously scheduled phase-down to 75%
- Imposes a $50 penalty for each occurrence of failing to timely file required reports or documentation under cigarette and tobacco product tax provisions
Legislative Description
A bill for an act relating to state and local taxation and regulations by changing certain tax credits, cigarette and tobacco-related regulations, and certain city budget certification deadlines, providing for penalties, and including retroactive applicability and effective date provisions. (Formerly SSB 1153.) Effective date: 06/06/2025, 07/01/2025. Applicability date: 01/01/2025.
Last Action
Signed by Governor. S.J. 1052.
6/6/2025
Committee Referrals
Ways and Means4/17/2025
Ways and Means3/19/2025
Full Bill Text
No bill text available