Text: HF00538 Text: HF00540 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 453A.6, subsection 1, Code 2003, is 1 2 amended to read as follows: 1 3 1. There is imposed, and shall be collected and paid to 1 4 the department, the following taxes on all cigarettes used or 1 5 otherwise disposed of in this state for any purpose 1 6 whatsoever: 1 7 Class A. On cigarettes weighing not more than three pounds 1 8 per thousand,eighteen millssix and eight-tenths cents on 1 9 eachsuchcigarette. 1 10 Class B. On cigarettes weighing more than three pounds per 1 11 thousand,eighteen millssix and eight-tenths cents on each 1 12suchcigarette. 1 13 Sec. 2. Section 453A.43, subsection 1, unnumbered 1 14 paragraph 1, is amended to read as follows: 1 15 A tax is imposed upon all tobacco products in this state 1 16 and upon any person engaged in business as a distributor of 1 17 tobacco products, at the rate oftwenty-twoeighty-three 1 18 percent of the wholesale sales price of the tobacco products, 1 19 except little cigars as defined in section 453A.42. Little 1 20 cigars shall be subject to the same rate of tax imposed upon 1 21 cigarettes in section 453A.6, payable at the time and in the 1 22 manner provided in section 453A.6; and stamps shall be affixed 1 23 as provided in division I of this chapter. The tax on tobacco 1 24 products, excluding little cigars, shall be imposed at the 1 25 time the distributor does any of the following: 1 26 Sec. 3. Section 453A.43, subsection 2, unnumbered 1 27 paragraph 1, is amended to read as follows: 1 28 A tax is imposed upon the use or storage by consumers of 1 29 tobacco products in this state, and upon the consumers, at the 1 30 rate oftwenty-twoeighty-three percent of the cost of the 1 31 tobacco products. 1 32 EXPLANATION 1 33 This bill increases the tax on cigarettes from $.018 per 1 34 cigarette to $.068. The bill also changes the use of mills in 1 35 assessing the tax to the use of cents. One mill equals $.001. 2 1 The effect of the bill, as an example, is to increase the tax 2 2 on a pack of 20 cigarettes from $.36 per pack to $1.36 per 2 3 pack. The bill also increases the tax on tobacco products 2 4 from 22 percent of the wholesale sales price for distributors 2 5 and 22 percent of the cost of tobacco products for the use or 2 6 storage by consumers of tobacco products and upon the 2 7 consumers to 83 percent of the wholesale sales price and of 2 8 the cost. 2 9 LSB 2315HH 80 2 10 pf/sh/8
Text: HF00538 Text: HF00540 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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