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NC H1980

Bill

Official Source

Status

Introduced

5/25/2010

Primary Sponsor

Mary Harrison

Click for details

Origin

House of Representatives

2010 Session

AI Summary

  • Reduces the cigarette distributor discount from 2% to 0.25% of the cigarette tax collected
  • Eliminates the portion of the discount that compensates distributors for stamping cigarettes, a requirement repealed in 1993
  • Finds that current 9-cent-per-carton discount is nearly double what distributors received when stamping was required
  • Effective January 1, 2011, unless legislation reinstating cigarette tax stamps is enacted in the 2010 session

Legislative Description

Align Cigarette Discount With Costs

Last Action

Ref To Com On Finance

5/26/2010

Committee Referrals

Finance5/26/2010

Full Bill Text

No bill text available