Bill > SF604

This bill modifies the definition of "units sold" in Iowa's tobacco regulation statutes, specifically in Section 453C.1, subsection 10. The bill changes how cigarette and tobacco units are counted for regulatory and taxation purposes, shifting from a method based on excise taxes collected to a more direct measurement of individual cigarettes sold. Under the new language, "units sold" will now be defined as the number of individual cigarettes sold in the state by a tobacco product manufacturer, whether sold directly or through distributors or retailers. The definition specifically references cigarette packs bearing state excise stamps and roll-your-own tobacco on which taxes are due under chapter 453A. The bill also includes an instruction for the Department of Revenue to establish rules for determining the amount of state excise tax paid on cigarettes for each year. The legislation is deemed of immediate importance and will take effect upon enactment, which means it will become law as soon as it is signed by the governor.

Budget and Finance

Ways & Means (S)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF604