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OH SB37
Bill
Status
2/10/2009
Primary Sponsor
Dale Miller
Click for details
AI Summary
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Increases the tobacco products excise tax rate from 17% to 54% of the wholesale price across three tax provisions (sections 5743.51, 5743.62, and 5743.63).
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Directs 40% of receipts from the increased tobacco excise tax to the Tobacco Use Prevention Fund created in section 3701.841 of the Revised Code.
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Remaining tax revenue after the 40% allocation to the prevention fund is credited to the state's general revenue fund.
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The tax rate increase applies to tobacco product distributors, sellers with nexus in Ohio, and consumers purchasing or using tobacco products in the state.
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Amendments are effective July 1, 2009.
Legislative Description
To increase the tobacco products excise tax rate and to credit some of the additional revenue to the Tobacco Use Prevention Fund.
Tobacco products excise tax rate increase-Tobacco Use Prevention Fund funding
Last Action
To Ways & Means & Economic Development
2/10/2009