Advances the clean energy transition by adjusting tax rates on tobacco products.
Advances the clean energy transition by adjusting tax rates on tobacco products. Establishes a tax on cigarettes and other tobacco products, with rates varying based on the type of product and its use. Exempts certain items from the tax, such as farm machinery and livestock. Requires businesses to report and remit taxes on sales and use of tobacco products. Provides for the collection and distribution of tax revenues, including equalization funding for school districts.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.