Senate File 144

                                       SENATE FILE       
                                       BY  McCOY


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act increasing the tax imposed on cigarettes.
  2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  3 TLSB 1362XS 80
  4 pf/pj/5

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 mills six and eight=tenths cents on
  1  9 each such cigarette.
  1 10    Class B.  On cigarettes weighing more than three pounds per
  1 11 thousand, eighteen mills six and eight=tenths cents on each
  1 12 such cigarette.
  1 13                           EXPLANATION
  1 14    This bill increases the tax on cigarettes from $.018 per
  1 15 cigarette to $.068 per cigarette.  The bill also changes the
  1 16 use of mills in assessing the tax to the use of cents.  One
  1 17 mill equals $.001.  The effect of the bill, as an example, is
  1 18 to increase the tax on a pack of 20 cigarettes from $.36 per
  1 19 pack to $1.36 per pack.
  1 20 LSB 1362XS 80
  1 21 pf/pj/5
  1 22
  1 23
  1 24
  1 25
  1 26
  1 27
  1 28
  1 29
  1 30
  1 31
  1 32
  1 33
  1 34
  1 35