Introduced
by
To revise a provision of the legislation implementing the 1998 tobacco lawsuit master settlement agreement. Under the bill tobacco companies which are not parties to the agreement, and which pay into escrow accounts established to ensure future payments under the agreement, would not get annual refunds based on a formula of the aggregate escrow payments from both participating and non-participating companies. See Senate Bill 782 and House Bill 5221, which impose a 35-cents per pack tax on the sales of those companies.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 88 to 20 (details)
To revise a provision of the legislation implementing the 1998 tobacco lawsuit master settlement agreement. Under the bill tobacco companies which are not parties to the agreement, and which pay into escrow accounts established to ensure future payments under the agreement, would not get annual refunds based on a formula of the aggregate escrow payments from both participating and non-participating companies. See House Bill 5221, which imposes a 35-cents per pack tax on the sales of those companies.
