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1999 SESSION
SB 1318 Tobacco Master Settlement Agreement.
Introduced by: Charles R. Hawkins | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Tobacco Master Settlement Agreement. Requires any tobacco product manufacturer selling cigarettes after July 1, 1999, who does not participate in the Master Settlement Agreement between the Commonwealth and certain tobacco product manufacturers, to make deposits into a qualified escrow fund. The amount required to be placed in escrow is determined by multiplying the number of units (cigarettes or their equivalent) sold in a year by an amount that increases from $.0094241 in 1999 to $.0188482 in 2007 and thereafter, as adjusted for inflation. Funds may be withdrawn from escrow to pay judgments or settlements on certain claims, if the amount deposited exceeds the Commonwealth's allocable share of payments it would be required to make under the master settlement agreement, or, if not sooner released, 25 years after they were deposited. Failure to make the required escrow deposits shall be subject to civil penalties, and on a second violation the tobacco product manufactures shall be barred from selling cigarettes in the Commonwealth. The Department of Taxation is required to promulgate regulations necessary to ascertain the amount of excise tax paid on the cigarettes of tobacco product manufacturers. This bill is identical to HB 2608.
FULL TEXT
- 01/21/99 Senate: Presented & ordered printed 999422843 pdf
- 03/04/99 Senate: Bill text as passed Senate and House (SB1318ER) pdf
- 04/07/99 Governor: Acts of Assembly Chapter text (CHAP0714) pdf
AMENDMENTS
HISTORY
- 01/21/99 Senate: Presented & ordered printed 999422843
- 01/21/99 Senate: Referred to Committee on Finance
- 02/03/99 Senate: Reported from Finance (17-Y 0-N)
- 02/04/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/04/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/05/99 Senate: Read second time and engrossed
- 02/05/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/05/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/05/99 Senate: Passed Senate (39-Y 0-N)
- 02/05/99 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/05/99 Senate: Rec. of passage agreed to by Senate (40-Y 0-N)
- 02/05/99 Senate: VOTE: RECONSIDER R (40-Y 0-N)
- 02/05/99 Senate: Passed Senate (40-Y 0-N)
- 02/05/99 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/05/99 Senate: Communicated to House
- 02/10/99 House: Placed on Calendar
- 02/10/99 House: Read first time
- 02/10/99 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/19/99 House: Reported from Agriculture w/amendments (24-Y 0-N)
- 02/22/99 House: Read second time
- 02/23/99 House: Read third time
- 02/23/99 House: Committee amendments agreed to
- 02/23/99 House: Engrossed by House as amended
- 02/23/99 House: Passed House with amendments (Block Vote) (98-Y 0-N)
- 02/23/99 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/25/99 Senate: Reading of amendments waived
- 02/25/99 Senate: House amendments agreed to by Senate (40-Y 0-N)
- 02/25/99 Senate: VOTE: CONCUR HOUSE AMENDMENTS (40-Y 0-N)
- 03/04/99 Senate: Bill text as passed Senate and House (SB1318ER)
- 03/12/99 Senate: Enrolled
- 03/12/99 House: Signed by Speaker
- 03/15/99 Senate: Signed by President
- 03/28/99 Governor: Approved by Governor-Chapter 714 (effective 7/1/99)
- 04/07/99 Governor: Acts of Assembly Chapter text (CHAP0714)