2003 Senate Bill 782

Introduced in the Senate

Oct. 21, 2003

Introduced by Sen. Nancy Cassis (R-15)

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 lawsuit master settlement agreement. A company would be required to annually prepay the "assessment" for the coming year, based on a sales estimate made by the Department of Treasury.

Referred to the Committee on Finance