South Carolina General Assembly
115th Session, 2003-2004

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H. 3364

STATUS INFORMATION

General Bill
Sponsors: Reps. Snow, Kennedy, Battle, Hayes, Rhoad, Branham, Witherspoon, Barfield and Coates
Document Path: l:\council\bills\ggs\22758htc03.doc

Introduced in the House on January 21, 2003
Currently residing in the House Committee on Ways and Means

Summary: Tobacco tax reduction

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
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   1/21/2003  House   Introduced and read first time HJ-8
   1/21/2003  House   Referred to Committee on Ways and Means HJ-8

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/21/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-21-620, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE LICENSE TAX ON TOBACCO PRODUCTS, SO AS TO REDUCE THE CIGARETTE TAX FROM SEVEN CENTS A PACK TO TWO CENTS A PACK AND TO DEDICATE ALL REVENUE OF THE LICENSE TAX ON CIGARETTES TO THE MEDICAID EXPANSION FUND.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 12-21-620 of the 1976 Code is amended to read:

"Section 12-21-620.    There shall be is levied, assessed, collected, and paid in respect to the articles containing tobacco enumerated in this section, a tax in the following amounts:

(1)    upon all cigarettes made of tobacco or any a substitute for tobacco, three and one-half mills one mill on each cigarette;

(2)    upon all tobacco products, as defined in Section 12-21-800, five percent of the manufacturer's price.

Manufacturer's price as used in this section is the established price at which a manufacturer sells to a wholesaler.

All revenues of the tax imposed pursuant to item (1) of this section must be credited to the Medicaid Expansion Fund established pursuant to Section 44-6-155 and used as revenues of that fund are used."

SECTION    2.    This act takes effect July 1, 2003.

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