summary
Introduced
04/22/2021
04/22/2021
In Committee
04/22/2021
04/22/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th 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.
AI Summary
This bill aims to establish tax rate parity among all tobacco products in the United States. It increases the excise tax rates for various tobacco products, including roll-your-own tobacco, pipe tobacco, smokeless tobacco, small and large cigars, and cigarettes. The bill also clarifies the definition of "tobacco products" to include any product determined to be a tobacco product by the Food and Drug Administration. Additionally, the bill includes provisions for adjusting tax rates for inflation and imposing floor stocks taxes on tobacco products held for sale on the effective date of any tax increase.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Referred to the House Committee on Ways and Means. (on 04/22/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/2786/all-info |
| BillText | https://www.congress.gov/117/bills/hr2786/BILLS-117hr2786ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2786/BILLS-117hr2786ih.pdf.pdf |
Loading...