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2024 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Reid
Modify Language in the Budget Related to Tobacco Taxes (language only)

Item 3-5.19 #1h

Item 3-5.19 #1h

Adjustments and Modifications to Tax Collections
Cigarette Tax, Tobacco Products Tax and Tax on Liquid Nicotine

Language

Page 579, strike lines 19 through 21 and insert:

"B. Notwithstanding any other provision of law, the rates of the tobacco products tax imposed under § 58.1-1021.02 of the Code of Virginia shall be 20 percent, except for cigars which shall be taxed at 20 percent or thirty cents per cigar, which is lower."



Explanation

(This amendment replaces language included in the introduced budget regarding the tax on tobacco products with language setting the tax rate for tobacco products at 20 percent.)