Cigarette taxes; certain bond or irrevocable letter of credit requirements. (SB1092)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Cigarette taxes; certain bond or irrevocable letter of credit requirements. Provides that the bond or irrevocable letter of credit required to be filed by a wholesale dealer to obtain cigarette tax stamps without payment of the cigarette tax be in a face amount determined by the Tax Commissioner to cover possible losses from nonpayment of the tax, but not to exceed two times the anticipated average monthly amount of purchases of cigarette tax stamps by the wholesale dealer. Under current law, the face amount of the bond or irrevocable letter of credit that is required to be filed is fixed at approximately two times the anticipated average monthly amount of purchases of cigarette tax stamps by the wholesale dealer. Amends § 58.1-1009, of the Code of Virginia. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/09/2013 | Prefiled and ordered printed; offered 01/09/13 13100953D |
| 01/09/2013 | Referred to Committee on Finance |
| 01/14/2013 | Impact statement from TAX (SB1092) |
| 01/22/2013 | Reported from Finance (14-Y 0-N) (see vote tally) |
| 01/23/2013 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
| 01/24/2013 | Read second time and engrossed |
| 01/25/2013 | Read third time and passed Senate (38-Y 0-N) (see vote tally) |
| 01/25/2013 | Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally) |
| 01/25/2013 | Passed Senate (40-Y 0-N) (see vote tally) |
| 02/01/2013 | Impact statement from TAX (SB1092) |
| 02/02/2013 | Placed on Calendar |
| 02/02/2013 | Read first time |
| 02/02/2013 | Referred to Committee on Finance |
| 02/04/2013 | Assigned Finance sub: #1 |
| 02/06/2013 | Subcommittee recommends reporting (9-Y 0-N) |
| 02/11/2013 | Reported from Finance (22-Y 0-N) (see vote tally) |
| 02/12/2013 | Read second time |
| 02/13/2013 | Read third time |
| 02/13/2013 | Passed House BLOCK VOTE (100-Y 0-N) |
| 02/13/2013 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
| 02/19/2013 | Enrolled |
| 02/19/2013 | Bill text as passed Senate and House (SB1092ER) |
| 02/19/2013 | Impact statement from TAX (SB1092ER) |
| 02/19/2013 | Signed by Speaker |
| 02/20/2013 | Signed by President |
| 03/14/2013 | G Approved by Governor-Chapter 389 (effective 7/1/13) |
| 03/14/2013 | G Acts of Assembly Chapter text (CHAP0389) |