Tobacco tax increase.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0664

HOUSE BILL
NO.
HB0295

Tobacco tax increase.

Sponsored by:
Representative(s) Zwonitzer, Dv. and Senator(s) Hastert

A BILL

for

AN ACT relating to taxation and revenue; increasing the tax rate for cigars, snuff and other tobacco products as specified; and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 39
‑
18
‑
104(c) and (d)
is
amended to read:

39
‑
18
‑
104.

Taxation rate.

(c)

In addition to the other taxes imposed by this section, there is levied and assessed upon cigars, snuff and other tobacco products purchased or imported into this state by wholesalers for resale, except cigarettes taxed under this section, an excise tax at the rate of
twenty percent (20%)
thirty percent (30%)
of the wholesale purchase price at which the tobacco products are purchased by wholesalers from manufacturers.

(d)

The tax imposed by subsection (c) of this section shall also be imposed upon the use or storage by consumers of cigars, snuff and other tobacco products in this state, and upon those consumers, at the rate of
ten percent (10%)
fifteen percent (15%)
of the retail price of the cigar, snuff or other tobacco product. This tax shall not apply if the tax imposed by subsection (c) of this section has been paid.

Section 2.

This act is effective July 1, 2007.

(END)

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HB0295