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MS HB251
Bill
Status
Failed
6/3/2020
Primary Sponsor
Bob Evans
Click for details
AI Summary
- Increases the excise tax on cigarettes from 3.4 cents to 5.9 cents per cigarette sold with a maximum length of 120 millimeters.
- Cigarettes exceeding 120 millimeters in length are taxed as two or more cigarettes based on the increased rate.
- Maintains the existing 15% excise tax on cigars, stogies, snuff, chewing tobacco, smoking tobacco, and other tobacco products.
- Reduces the dealer compensation discount from 8% to 4% on stamp purchases for taxes imposed after June 1, 1985.
- Takes effect July 1, 2020.
Legislative Description
Cigarettes; increase excise tax on.
Last Action
Died In Committee
6/3/2020
Committee Referrals
Ways and Means1/27/2020
Full Bill Text
No bill text available