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ID H0007
Bill
AI Summary
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Amends Section 63-2502 to revise the definition of "wholesaler" to include "delivery sellers" as defined in 15 U.S.C. section 375
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Corrects a typographical error in Section 63-2513 regarding contraband cigarettes by changing "and are hereby declared" to clarify the language
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Amends Section 63-2551 to revise the definition of "tobacco products" to exclude cigarettes and any substitute therefor
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Revises the definition of "wholesale sales price" to specify the established price between a manufacturer or person and a distributor that is not a related person as defined in Internal Revenue Code section 267, exclusive of discounts or reductions
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Revises the definition of "place of business" to clarify that it includes any vessel, vehicle, airplane, or train where tobacco products are manufactured, stored, or kept for sale or consumption
Legislative Description
Amends existing law relating to the taxation of cigarettes and tobacco products by adding the definition "delivery seller" to the definition of "wholesaler" and clarifying whether tobacco cessation products should be taxed as tobacco products.
CIGARETTE AND TOBACCO PRODUCT TAXES
Last Action
Governor signed Session Law Chapter 2 Effective: 07/01/11
2/15/2011