Bill > SB0376

This bill increases the stamp discount for cigarette distributors in Indiana from $0.02 to $0.05 per individual package of cigarettes, which serves as compensation for their labor and expenses in acting as state agents for affixing tax revenue stamps. Currently, distributors who hold certificates are required to collect cigarette taxes and are allowed to purchase stamps from the state department at a small discount. The bill maintains the existing conditions for purchasing stamps, including the potential requirement for a bond or letter of credit, proof of tax payment, and electronic funds transfer, with an exception for distributors who have maintained good credit standing with the state for at least five consecutive years. The changes will take effect on July 1, 2025, and will only apply to cigarette stamps purchased by distributors after that date. The bill's provision is set to expire on June 30, 2026, suggesting it is intended as a temporary adjustment to the cigarette tax stamp allowance.

Government Affairs

https://iga.in.gov/legislative/2025/bills/senate/376/details