By:  Armbrister                                       S.B. No. 1612
         Line and page numbers may not match official copy.
         Bill not drafted by TLC or Senate E&E.
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the tax on cigarettes, cigars, and other tobacco
 1-3     products.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 155.001 (11), Tax Code, is amended to
 1-6     read as follows:
 1-7           (11)  "Permit holder" means a bonded agent, or a distributor
 1-8     who is a wholesaler, wholesaler, or retailer required to obtain a
 1-9     permit under Section 155.041.
1-10           SECTION 2.  Section 155.0211 (b) is amended to read as
1-11     follows:
1-12           (b)  The tax rate for tobacco products other than cigars is
1-13     35.213 percent of the manufacturer's invoice net price
1-14     [manufacturer's list price, exclusive of any trade discount,
1-15     special discount, or deal].
1-16           SECTION 3.  This Act takes effect September 1, 2001.