Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB3475 by Guillen (Relating to the administration, collection, and remittance of the cigars and tobacco products tax; requiring a permit.), As Engrossed
No fiscal implication to the State is anticipated.
The bill amends Chapter 155 of the Tax Code, regarding the cigars and tobacco products taxes. The bill would clarify and update this chapter of the Tax Code by adding and amending definitions instrumental in interpreting taxability, enforcing violations, and resolving issues arising from litigation or general inquiries received by the Comptroller.
The bill would have no revenue implications.
Local Government Impact
No fiscal implication to units of local government is anticipated.