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2013 SESSION
SB 1092 Cigarette taxes; certain bond or irrevocable letter of credit requirements.
Introduced by: Emmett W. Hanger, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
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. This bill is identical to HB 2219.
FULL TEXT
- 01/09/13 Senate: Prefiled and ordered printed; offered 01/09/13 13100953D pdf | impact statement
- 02/19/13 Senate: Bill text as passed Senate and House (SB1092ER) pdf | impact statement
- 03/14/13 Governor: Acts of Assembly Chapter text (CHAP0389) pdf
HISTORY
- 01/09/13 Senate: Prefiled and ordered printed; offered 01/09/13 13100953D
- 01/09/13 Senate: Referred to Committee on Finance
- 01/22/13 Senate: Reported from Finance (14-Y 0-N)
- 01/23/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/24/13 Senate: Read second time and engrossed
- 01/25/13 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/25/13 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 01/25/13 Senate: Passed Senate (40-Y 0-N)
- 02/02/13 House: Placed on Calendar
- 02/02/13 House: Read first time
- 02/02/13 House: Referred to Committee on Finance
- 02/04/13 House: Assigned Finance sub: #1
- 02/06/13 House: Subcommittee recommends reporting (9-Y 0-N)
- 02/11/13 House: Reported from Finance (22-Y 0-N)
- 02/12/13 House: Read second time
- 02/13/13 House: Read third time
- 02/13/13 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/13/13 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/19/13 Senate: Enrolled
- 02/19/13 Senate: Bill text as passed Senate and House (SB1092ER)
- 02/19/13 House: Signed by Speaker
- 02/20/13 Senate: Signed by President
- 03/14/13 Governor: Approved by Governor-Chapter 389 (effective 7/1/13)
- 03/14/13 Governor: Acts of Assembly Chapter text (CHAP0389)