SB17-273 - Manufacturer's List Price For Tobacco Products Tax

Postponed Indefinitely
Concerning the manufacturer's list price of tobacco products for purposes of the state excise tax.

The total tax on tobacco products is 40% of the manufacturer's list price, which is based on a manufacturer's or supplier's invoice price to a distributor. The bill permits a distributor to use the price that the tobacco product is sold to the first importer of record or first manufacturer of record as the manufacturer's list price, if the distributor is able to provide the department of revenue with evidence of this price.

(Note: This summary applies to this bill as introduced.)


Latest update: April 24, 2017
04/24/2017 - Senate Second Reading Laid Over with Amendments to 05/11/2017 - Committee
04/20/2017 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
04/13/2017 - Senate Committee on Finance Refer Unamended to Appropriations
03/29/2017 - Introduced In Senate - Assigned to Finance