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MS HB116

Bill

Official Source

Status

Failed

2/27/2013

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Increases the tobacco equity tax on cigarettes from 1.35 cents per cigarette to 2.5 cents per cigarette (equivalent to 50 cents per pack of 20 cigarettes).

  • Eliminates the annual automatic tax increase that was previously set to rise by the greater of 3% or the Consumer Price Index increase.

  • Tax applies only to cigarettes manufactured by non-settling manufacturers; cigarettes made by tobacco settlement agreement signatories are exempt.

  • Revenue collected from the tax is deposited into the State General Fund.

  • Effective date is July 1, 2013.

Legislative Description

Cigarettes; increase tobacco equity tax on (formerly known as nonsettling-manufacturer cigarette fee).

Last Action

Died In Committee

2/27/2013

Committee Referrals

Ways and Means1/11/2013

Full Bill Text

No bill text available