|
Senate Bill 1390 |
Senate Author: Hinojosa |
|
Effective: 9-1-17 |
House Sponsor: Wray |
Previous law required the comptroller of public accounts to compute the rate of the fee for certain cigarettes or cigarette tobacco products applicable during a calendar year by increasing the rate for the preceding calendar year by a certain amount each January. Senate Bill 1390 amends the Health and Safety Code to require the comptroller to adjust the rate of the fee by increasing the rate in effect on the date the adjustment is made by that amount and to establish that the adjusted rate takes effect on February 1 of the year in which the adjusted rate is determined and remains in effect until January 31 of the following year.
Senate Bill 1390 amends the Tax Code to exempt from the cigarette tax and related stamping requirements cigarettes that are sold directly by a manufacturer to a research facility in Texas, used by the research facility exclusively for experimental purposes, and not resold by the research facility. The bill moves the filing deadline for a cigarette or tobacco product distributor's monthly report to the comptroller from the last day of each month to the 25th day of each month.