H.B.
358
AMENDMENTS TO TAX ON CIGARS
House Committee
Amendments
Amendment 1 March 3, 2014 7:31 AM
Representative Melvin R. Brown
proposes the following amendments:
1. Page
5, Lines 136 through 138
:
136
(7)
(a)
{
The
}
Except as provided in Subsection (7)(b), the
tax under this section on a
cigar is imposed at a rate of
.86 multiplied by the manufacturer's sales price.
(b) Beginning on or after July 1, 2016, but on or before June 30, 2021, the tax under this section
on a cigar is imposed at a rate of
the lesser of:
137
{
(a)
}
(i)
.86 multiplied by the manufacturer's sales price; or
138
{
(b)
}
(ii)
50 cents per cigar.
Page 1 of 1
LRGC
lelder
lelder