Iowa SF604 updates the definition of "units sold" for cigarette and tobacco regulation and taxation.

Iowa SF604 amends the definition of "units sold" for measuring individual cigarettes sold in the state. It specifies that "units sold" refers to the number of individual cigarettes sold in the state by the excise tax paid on the cigarettes of such tobacco product manufacturer for each year. The bill also updates "units sold" for roll-your-own tobacco to mean roll-your-own tobacco on which tax is due pursuant to Code chapter 453A. The bill takes effect upon enactment.

Iowa SF604 updates the definition of "units sold" for cigarette and tobacco regulation and taxation.

Iowa SF604 amends the definition of "units sold" for measuring individual cigarettes sold in the state. It specifies that "units sold" refers to the number of individual cigarettes sold in the state by the excise tax paid on the cigarettes of such tobacco product manufacturer for each year. The bill also updates "units sold" for roll-your-own tobacco to mean roll-your-own tobacco on which tax is due pursuant to Code chapter 453A. The bill takes effect upon enactment.