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2017 SESSION

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HB 2254 Tobacco Board; composition, increases excise tax on bright flue-cured & type 21 dark-fired tobaccos.

Introduced by: James E. Edmunds, II | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Tobacco Board; composition; assessment. Alters the member nomination process, tax rate, and other functions of the Tobacco Board (the Board). The bill removes the 90-day deadline for submission of industry nominees for a seat on the Board, as well as the requirement that there be two or more nominations for each seat. The bill removes from the Board the power to appoint a secretary and other employees. Finally, the bill raises the excise tax on tobacco from 20 cents to 40 cents per 100 pounds of tobacco harvested and renames it an assessment; authorizes the Board, at its discretion, to waive interest on the assessment when it is paid late or is left unpaid; and provides criteria for such waiver. This bill is identical to SB 948.

SUMMARY AS INTRODUCED:

Tobacco Board; composition; excise tax. Subjects the Tobacco Board to general provisions governing the terms, quorum, officers, and reimbursement of expenses of members of commodity boards. The bill removes the requirement that each tobacco organization submit two or more Tobacco Board nominees at least 90 days before the expiration of the member's term for which the nomination is being provided. The bill also removes the Tobacco Board's authority to appoint a secretary and other such employees. The bill increases the excise tax on bright flue-cured and type 21 dark-fired tobacco harvested in the Commonwealth from 20 cents to 40 cents per 100 pounds and allows the Tobacco Board to waive the interest penalty, or portion thereof, that accrues as a result of nonpayment of the excise tax in its discretion for good cause shown.