Introduced
by
To impose a 35-cent per pack "equity assessment" on the sale of cigarettes by tobacco companies which are not parties to the 1998 tobacco settlement. The companies would be required to annually prepay the "assessment" for the coming year, based on a sales estimate made by the Department of Treasury. This refers to the multi-billion dollar out-of-court settlement between tobacco companies and 46 states for compensation to state taxpayers who, through Medicaid and other health care transfer payments, had incurred costs for the medical care of thousands of smokers. The Senate Fiscal Agency estimates that Michigan’s share of the settlement will average around $300 million a year for the next several years.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 84 to 18 (details)
To impose a 35-cent per pack "equity assessment" on the sale of cigarettes by tobacco companies which are not parties to the 1998 tobacco settlement. The companies would be required to annually prepay the "assessment" for the coming year, based on a sales estimate made by the Department of Treasury. This refers to the multi-billion dollar out-of-court settlement between tobacco companies and 46 states for compensation to state taxpayers for the increased cost they may have incurred for the medical care for thousands of smokers. The Senate Fiscal Agency estimates that Michigan’s share of the settlement will average around $300 million a year for the next several years. This bill will levy approximately $3 million in additional "assessments".
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
To clarify certain technical requirements in the bill.
The amendment passed by voice vote
Passed in the Senate 30 to 8 (details)
To impose a 35-cent per pack "equity assessment" on the sale of cigarettes by tobacco companies which are not parties to the 1998 tobacco settlement. The companies would be required to annually prepay the "assessment" for the coming year, based on a sales estimate made by the Department of Treasury. This refers to the multi-billion dollar out-of-court settlement between tobacco companies and 46 states for compensation to state taxpayers for the increased cost they may have incurred for the medical care for thousands of smokers. The Senate Fiscal Agency estimates that Michigan’s share of the settlement will average around $300 million a year for the next several years. This bill will levy approximately $3 million in additional "assessments".
Passed in the House 86 to 21 (details)
To concur with the Senate-passed version of the bill.
