Source: http://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1590+hil
Timestamp: 2017-11-19 06:36:53
Document Index: 170598293

Matched Legal Cases: ['§ 32', '§ 58', '§ 32', '§ 58', '§ 58', '§ 58', '§ 32', '§ 58', '§ 32']

15102462D
HOUSE BILL NO. 1590 Offered January 14, 2015 Prefiled January 8, 2015 A BILL to amend and reenact §§ 32.1-366, 58.1-1001, 58.1-1018, 58.1-1021.02, and 58.1-1021.05 of the Code of Virginia, relating to state tax on cigarettes and other tobacco products. ----------
Patrons-- Krupicka, BaCote, Hope, Kory, Lopez, McQuinn, Plum, Simon, Spruill, Tyler, Ward and Watts; Senators: Ebbin, Favola, Howell, Locke, Lucas and Puller
A. Except as provided in subsection B, in addition to all other taxes now imposed by law, every person within this Commonwealth who sells, stores or receives cigarettes made of tobacco or any substitute thereof, for the purpose of distribution to any person within this Commonwealth, shall pay to this Commonwealth an excise tax of one and one-quarter mills on each such cigarette sold, stored or received before August 1, 2004; an excise tax of one cent on each such cigarette sold, stored or received on and after August 1, 2004, through midnight on June 30, 2005; and an excise tax of 1.5 cents on each such cigarette sold, stored or received on and after July 1, 2005, through midnight on June 30, 2015; and an excise tax of 10 cents on each such cigarette sold, stored or received on and after July 1, 2015.
B. In addition to all other taxes now imposed by law, every person within the Commonwealth who sells, stores, or receives roll-your-own tobacco, for the purpose of distribution within the Commonwealth, shall pay to the Commonwealth a cigarette excise tax at the rate of 10% 60 percent of the manufacturer's sales price of such roll-your-own tobacco.
C. The revenues generated by the taxes imposed under this section on and after August 1, 2004, shall be collected by the Department and distributed as follows: (i) the amount of revenues attributable solely to the increase in the tax rates enacted by the 2015 Session of the General Assembly shall be apportioned among all counties and cities and used by such localities as provided in subsections C and D of § 58.1-638 and (ii) the remaining revenues shall be deposited into the Virginia Health Care Fund established under § 32.1-366.
An excise tax is hereby imposed on the storage, use or other consumption in this Commonwealth of cigarettes purchased at retail in an amount equal to that set out in § 58.1-1001. Every person storing, using or otherwise consuming in this Commonwealth cigarettes purchased at retail shall be liable for the tax imposed by this article, and the liability shall not be extinguished until the tax has been paid to this Commonwealth; however, if such cigarettes have attached thereto the requisite stamps or if the excise tax imposed by Article 1 (§ 58.1-1000 et seq.) has been paid by the seller of such cigarettes, then the tax imposed by this article shall not be due.
The revenues generated by the tax imposed under this section on and after August 1, 2004, shall be collected by the Department and distributed as follows: (i) the amount of revenues attributable solely to the increase in the tax rates enacted by the 2015 Session of the General Assembly shall be apportioned among all counties and cities and used by such localities as provided in subsections C and D of § 58.1-638 and (ii) the remaining revenues shall be deposited into the Virginia Health Care Fund established under § 32.1-366.
a. $0.21 $1.26 for each loose leaf tobacco single-unit;
b. $0.40 $2.40 for each loose leaf tobacco half pound-unit;
c. $0.70 $4.20 for each loose leaf tobacco pound-unit; and
d. For any other unit, pouch, or package of loose leaf tobacco, the tax shall be by net weight and shall be $0.21 $1.26 per unit, pouch, or package plus $0.21 $1.26 for each increment of 4 ounces or portion thereof that the loose leaf tobacco exceeds 16 ounces.
3. Upon tobacco products other than moist snuff or loose leaf tobacco, at the rate of 10 60 percent of the manufacturer's sales price of such tobacco products.
The revenues generated by the taxes imposed under this article shall be collected by the Department and distributed as follows: (i) the amount of revenues attributable solely to the increase in the tax rates enacted by the 2015 Session of the General Assembly shall be apportioned among all counties and cities and used by such localities as provided in subsections C and D of § 58.1-638 and (ii) the remaining revenues shall be deposited into the Virginia Health Care Fund established under § 32.1-366.