Roll-your-own tobacco; classified as cigarette, imposition of tax on selling or dealing thereof. (SB729)
Introduced By
Sen. Charles Hawkins (R-Chatham)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Tobacco taxes; roll-your-own tobacco. Makes roll-your-own tobacco subject to the cigarette excise tax instead of the tobacco products tax. The cigarette tax on roll-your-own tobacco, however, would be imposed at the same rate and in the same manner as the tobacco products tax. Distributors of roll-your-own tobacco would be considered cigarette stamping agents and would be required to prepare an invoice describing the manufacturer, brand, and quantity in ounces of roll-your-own tobacco included in each shipment to dealers located within the Commonwealth. A copy of the invoice would be attached to the shipment and would be deemed to be the cigarette revenue stamp. Accordingly, Nonparticipating Manufacturers (NPMs) would be required to include sales of roll-your-own tobacco when determining their required annual escrow deposit. The bill is effective January 1, 2007. Amends § 58.1-1000 (“Definitions.”), § 58.1-1001 (“Tax levied; rate.”), § 58.1-1003 (“How paid; affixing of stamps; records of stamping agents; civil penalties.”), § 58.1-1021.01 (“Definitions.”), of the Code of Virginia. View Full Text »
Status
04/05/2006: signed by governor
View Bill's History
