US SB450 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 11 2015 - 25% progression, died in committee
Action: 2015-02-11 - Read twice and referred to the Committee on Finance. (text of measure as introduced CR S927-928)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Tobacco Tax Equity Act of 2015 Amends the Internal Revenue Code, with respect to the excise tax on tobacco products, to tax pipe tobacco, smokeless tobacco products, and large cigars at the same level as cigarettes. Revises the definition of "tobacco products," for purposes of such tax, to include any other product determined to be a tobacco product by the Food and Drug Administration. Makes smokeless tobacco products sold in discrete single-use units subject to an excise tax of $50.33 per thousand. Provides for an inflation adjustment in calendar years beginning after 2015 to the dollar amounts of tobacco products subject to the excise tax.

Tracking Information

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Title

Tobacco Tax Equity Act of 2015

Sponsors


History

DateChamberAction
2015-02-11SenateRead twice and referred to the Committee on Finance. (text of measure as introduced CR S927-928)

Same As/Similar To

SB1129 (Related) 2015-04-29 - Read twice and referred to the Committee on Finance.
HB1749 (Related) 2015-04-13 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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