House Amendment 1470


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

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