SB 629 – Modifies the formula for determining how much money certain tobacco product manufacturers who are not participating in the Tobacco Master Settlement Agreement receive back from escrow funds

• Sponsor: Schaefer
• LR Number: 4934S.01I
• Committee: Ways and Means and Fiscal Oversight
• Last Action: 2/2/2012 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee
• Journal Page: S193
• Effective Date: Emergency Clause

Current Bill Summary

SB 629 - This act modifies the formula for determining how much money a tobacco product manufacturer who does not participate in the Master Settlement Agreement will receive back from the escrow fund in which the manufacturer is required to deposit money from the sale of cigarettes.

This act has an emergency clause.

This act is identical to SB 375 (2011) and HB 491 (2011).

EMILY KALMER