| SB 0720 | Prohibits "grey market" cigarettes |
| Sponsor: | Caskey | |||
| LR Number: | 3040S.01I | Fiscal Note: | 3040-01 | |
| Committee: | Commerce and Environment | |||
| Last Action: | 05/12/00 - S Inf Calendar S Bills for Perfection | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2000 | |||
SB 720 - This act prohibits a tax stamp from being affixed
to any package of cigarettes unless certain federal requirements
are met. No stamp shall be affixed to any package is labeled as
not intended for sale inside the United States or has a label
that has been altered. A violation is a Class D felony, and is
also deemed a deceptive act or practice. The Department of
Revenue may revoke a wholesale license of a person in violation
of these provisions, and may seize the items involved.
OTTO FAJEN
SA 1 - CIGARETTE TAX STAMPS NEED NOT BE ATTACHED TO A PACKAGE OF CIGARETTES UNTIL SOLD TO A RETAILER OR CONSUMER.