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2010 SESSION

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SB 478 Tobacco products tax; moist snuff tax shall be computed based on net weight listed by manufacturer.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Tobacco products tax; moist snuff.  Changes the tax on moist snuff from 10 percent of the manufacturer's sales price to $0.18 per ounce.  The bill also would provide that loose leaf tobacco would be subject to the Commonwealth's tobacco products tax on a unit and weight basis.  The provisions of the bill would become effective on January 1, 2011.

SUMMARY AS PASSED SENATE:

Tobacco products tax; moist snuff.  Changes the tax on moist snuff from 10 percent of the manufacturer's sales price to $0.18 per ounce.  The bill also would provide that loose leaf tobacco would be subject to the Commonwealth's tobacco products tax on a unit and weight basis.  The provisions of the bill would become effective on January 1, 2011.

SUMMARY AS INTRODUCED:

Tobacco products tax; moist snuff.  Changes the tax on moist snuff from 10 percent of the manufacturer's sales price to $0.17 per ounce, and dedicates each fiscal year 50 percent of the amount by which the total amount of revenue collected from the tobacco products tax exceeds the total amount of revenue collected from such tax on smokeless tobacco in the fiscal year ending June 30, 2010, to be used for the enforcement of tobacco-related laws. The bill also requires tobacco products manufacturers to file an annual report detailing the identity of each entity in the Commonwealth to which the manufacturer shipped tobacco products, and the amount of tobacco products shipped, by type of product and brand. The provisions of the bill would become effective on January 1, 2011.