summary
Introduced
09/19/2019
09/19/2019
In Committee
09/19/2019
09/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide tax rate parity among all tobacco products, and for other purposes. 1
AI Summary
This bill, the Tobacco Tax Equity Act of 2019, aims to amend the Internal Revenue Code to provide tax rate parity among all tobacco products. It increases the excise tax rates on various tobacco products, including roll-your-own tobacco, pipe tobacco, smokeless tobacco, small cigars, and large cigars, to align with the higher tax rate on cigarettes. The bill also establishes a tax on any other tobacco product determined by the Food and Drug Administration to be a tobacco product, with the tax rate equivalent to the cigarette tax rate. Additionally, the bill includes provisions for floor stocks taxes, inflation adjustments, and effective dates for the various tax changes.
Committee Categories
Budget and Finance
Sponsors (9)
Dick Durbin (D)*,
Richard Blumenthal (D),
Sherrod Brown (D),
Mazie Hirono (D),
Ed Markey (D),
Jeff Merkley (D),
Patty Murray (D),
Jack Reed (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (text: CR S5605-5606) (on 09/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2517/all-info |
| BillText | https://www.congress.gov/116/bills/s2517/BILLS-116s2517is.pdf |
| Bill | https://www.congress.gov/116/bills/s2517/BILLS-116s2517is.pdf.pdf |
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