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.