SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2006 SESSION

  • | print version

SB 729 Roll-your-own tobacco; classified as cigarette, imposition of tax on selling or dealing thereof.

Introduced by: Charles R. Hawkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

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.


FULL TEXT

HISTORY