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House Bill 5 (3rd C.S.) |
House Author: Hamric |
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Effective: 1-1-07 |
Senate Sponsor: Armbrister |
House Bill 5 amends the Tax Code to increase from $20.50 to $70.50 per thousand the tax rate for cigarettes weighing three pounds or less per thousand and increases the tax rate for tobacco products other than cigars from 35.213 percent to 40 percent of the manufacturer's list price, exclusive of any trade discount, special discount, or deal.