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Extend Credit For Out-of-state Tobacco Sales

Concerning adjustments to total gross purchases for purposes of calculating the excise tax on tobacco products, and, in connection therewith, making an appropriation.
2018 Regular Session
Fiscal Policy & Taxes
Bill Summary

Currently and until September 1, 2018, a distributor can claim a credit for taxes paid on tobacco products that are shipped or transported by the distributor to a consumer outside of the state. The bill makes the credit permanent and requires the distributor to maintain certain records related to the out-of-state sales to consumers.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Did Not Become Law


Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details