1999 Session

Budget Amendments - SB800 (Conference Report)

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Tobacco Manufacturing Rebate Program (language only)

Item 547 #12c

Item 547 #12c

Central Appropriations
Central Appropriations

Page 427, after line 30, insert:
"4.  Out of the amounts from the community revitalization portion of the Tobacco Indemnification and Revitalization Fund, pursuant to House Bill 2635 and Senate Bill 1165 (1999), shall be made available $2,000,000 to the Virginia Economic Development Partnership to provide for economic development incentive rebates to assist Virginia companies with the production and marketing of tobacco products that have been determined to significantly reduce the carcinogen levels in tobacco products.  Such allocation from the Fund shall be based on the percentage of flue-cured and burley tobacco used in the process.
In providing such rebates, the Partnership shall develop criteria and guidelines, including the method of payment, that provide assistance to companies that manufacture and sell products that reduce the carcinogenic tobacco-specific nitrosamines (TSNA's) levels in tobacco products.  The Partnership shall submit the criteria and guidelines to the Chairmen of the House Appropriations and Senate Finance Committees no later than August 1, 1999.".

(This amendment provides economic incentives to Virginia companies that develop, manufacture and sell tobacco products with reduced carcinogenic tobacco specific nitrosamines (TSNA's) levels.)