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MS HB746
Bill
Status
Failed
2/22/2023
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 cigarettes exceeding 120 millimeters in length taxed as multiple cigarettes
- Maintains the existing 15% excise tax on cigars, cheroots, stogies, snuff, chewing tobacco, smoking tobacco, and other tobacco products (except cigarettes)
- Reduces dealer compensation for stamp purchases from 8% to 4% discount on cigarette tax stamps purchased after June 1, 1985
- Takes effect on July 1, 2023
- Contains provision to automatically increase tax rate if federal cigarette tax is reduced from its June 1, 1985 rate
Legislative Description
Cigarettes; increase excise tax on.
Last Action
Died In Committee
2/22/2023
Committee Referrals
Ways and Means1/16/2023
Full Bill Text
No bill text available