2005 Session

Budget Amendments - SB700 (Conference Report)

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Small Tobacco Product Manufacturers Incentive Fund (language only)

Item 286 #1c

Item 286 #1c

Taxation, Department of

Page 258, after line 35, insert:
"I.  The Department of Taxation is authorized to make tax incentive payments to small tobacco product manufacturers
who do not participate in the 1998 Tobacco Master Settlement Agreement, pursuant to House Bill 2919, as passed by the 2005 Session of the General Assembly."

(This amendment provides authorization for the Department of Taxation to make tax incentive payments to small tobacco manufacturers, according to the provisions set forth in House Bill 2919. A companion amendment in Item 284 provides funding and one position in the Department to administer the program.)