Bill Text: MS SB2445 | 2018 | Regular Session | Introduced
Bill Title: Taxation; increase the excise tax on cigarettes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2018-02-21 - Died In Committee [SB2445 Detail]
Download: Mississippi-2018-SB2445-Introduced.html
MISSISSIPPI LEGISLATURE
2018 Regular Session
To: Finance
By: Senator(s) Dearing
Senate Bill 2445
AN ACT TO AMEND SECTION 27-69-13, MISSISSIPPI CODE OF 1972, TO INCREASE THE EXCISE TAX ON CIGARETTES; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-69-13, Mississippi Code of 1972, is amended as follows:
27-69-13. (1) There
is hereby imposed, levied and assessed, to be collected and paid as * * * provided in this chapter, an excise
tax on each person or dealer in cigarettes, cigars, stogies, snuff, chewing
tobacco, and smoking tobacco, or substitutes therefor, upon the sale, use,
consumption, handling or distribution in the State of Mississippi, as follows:
(a) On cigarettes, the
rate of tax shall be * * * Four and Nine-tenths Cents
(4.9¢) on each cigarette sold with a maximum length of one hundred twenty
(120) millimeters; any cigarette in excess of this length shall be taxed as if
it were two (2) or more cigarettes. * * * However, if the federal tax rate on
cigarettes in effect on June 1, 1985, is reduced, then the rate as provided * * * in this paragraph (a) shall be
increased by the amount of the federal tax reduction. * * * The tax increase shall take effect
on the first day of the month following the effective date of such reduction in
the federal tax rate.
(b) On cigars, cheroots, stogies, snuff, chewing and smoking tobacco and all other tobacco products except cigarettes, the rate of tax shall be fifteen percent (15%) of the manufacturer's list price.
(2) No stamp
evidencing the tax * * *
levied on cigarettes by this section shall be of a denomination of less
than One Cent (1¢), and whenever the tax computed at the rates * * * prescribed on cigarettes * * * in this section is a specified
amount, plus a fractional part of One Cent (1¢), the package shall be stamped
for the next full cent; however, the additional face value of stamps purchased
to comply with taxes imposed by this section after June 1, 1985, shall be
subject to a four percent (4%) discount or compensation to dealers for their
services rather than the eight percent (8%) discount or compensation allowed by
Section 27-69-31.
(3) Every wholesaler
shall purchase stamps as provided in this chapter, and affix the * * * stamps to all packages of
cigarettes handled by him as * * * provided in this chapter.
(4) The * * * tax levied by this section is
levied upon the sale, use, gift, possession or consumption of tobacco within
the State of Mississippi, and the impact of the tax levied by this * * * section is * * * declared to be on the vendee, user,
consumer or possessor of tobacco in this state * * *. When * * * the tax is paid by any other
person, * * *
the payment shall be considered as an advance payment and shall
thereafter be added to the price of the tobacco and recovered from the ultimate
consumer or user.
SECTION 2. This act shall take effect and be in force from and after July 1, 2018.
