Text: H01469                            Text: H01471
Text: H01400 - H01499                   Text: H Index
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House Amendment 1470

Amendment Text

PAG LIN
  1  1    Amend House File 683 as follows:
  1  2    #1.  Page 5, line 11, by inserting after the word
  1  3 "assembly" the following:  "; notwithstanding section
  1  4 453A.35, the additional revenues derived from the
  1  5 increased taxes imposed pursuant to the amendments in
  1  6 this Act to sections 453A.6 and 453A.43;".
  1  7    #2.  Page 5, line 18, by inserting after the word
  1  8 "fund." the following:  "If moneys subject to deposit
  1  9 in the Iowa values fund exceed those necessary for the
  1 10 appropriations provided in this Act, the excess shall
  1 11 be deposited in the general fund of the state."
  1 12    #3.  Page 40, by inserting after line 35 the
  1 13 following:  
  1 14                      "DIVISION    
  1 15                          TAXES
  1 16    Sec.    .  Section 453A.6, subsection 1, Code 2003,
  1 17 is amended to read as follows:
  1 18    1.  There is imposed, and shall be collected and
  1 19 paid to the department, the following taxes on all
  1 20 cigarettes used or otherwise disposed of in this state
  1 21 for any purpose whatsoever:
  1 22    Class A.  On cigarettes weighing not more than
  1 23 three pounds per thousand, eighteen mills six and
  1 24 eight-tenths cents on each such cigarette.
  1 25    Class B.  On cigarettes weighing more than three
  1 26 pounds per thousand, eighteen mills six and eight-
  1 27 tenths cents on each such cigarette.
  1 28    Sec.    .  Section 453A.43, subsection 1,
  1 29 unnumbered paragraph 1, Code 2003, is amended to read
  1 30 as follows:
  1 31    A tax is imposed upon all tobacco products in this
  1 32 state and upon any person engaged in business as a
  1 33 distributor of tobacco products, at the rate of
  1 34 twenty-two eighty-three percent of the wholesale sales
  1 35 price of the tobacco products, except little cigars as
  1 36 defined in section 453A.42.  Little cigars shall be
  1 37 subject to the same rate of tax imposed upon
  1 38 cigarettes in section 453A.6, payable at the time and
  1 39 in the manner provided in section 453A.6; and stamps
  1 40 shall be affixed as provided in division I of this
  1 41 chapter.  The tax on tobacco products, excluding
  1 42 little cigars, shall be imposed at the time the
  1 43 distributor does any of the following:
  1 44    Sec.    .  Section 453A.43, subsection 2,
  1 45 unnumbered paragraph 1, Code 2003, is amended to read
  1 46 as follows:
  1 47    A tax is imposed upon the use or storage by
  1 48 consumers of tobacco products in this state, and upon
  1 49 the consumers, at the rate of twenty-two eighty-three
  1 50 percent of the cost of the tobacco products."
  2  1    #4.  Title page, line 11, by inserting after the
  2  2 word "council," the following:  "increasing tobacco-
  2  3 related taxes,".
  2  4    #5.  By renumbering as necessary.  
  2  5 
  2  6 
  2  7                               
  2  8 RAYHONS of Hancock
  2  9 HF 683.209 80
  2 10 tm/sh
     

Text: H01469                            Text: H01471
Text: H01400 - H01499                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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