HB0055 Tobacco tax. | Wyoming Bill

Plain English Breakdown

Checked against official source text during the last sync.

Increasing Tobacco Taxes

The bill proposes to increase taxes on tobacco products like cigarettes and moist snuff in Wyoming.

What This Bill Does

Increases the tax on each cigarette sold by wholesalers from three cents to four and two-tenths cents.

Raises the consumer use or storage tax for cigarettes to match the new wholesale rate if not already paid.

Boosts the excise tax on moist snuff purchased by wholesalers from sixty cents to seventy-two cents per ounce.

Imposes a similar user or storage tax on consumers of moist snuff, matching the new wholesaler rate.

Who It Names or Affects

Wholesalers who sell tobacco products in Wyoming

Consumers who use or store tobacco products in Wyoming

Terms To Know

Excise tax

A tax on specific goods, like cigarettes and moist snuff.

Wholesaler

A business that sells products to retailers in large quantities.

Limits and Unknowns

The bill did not pass during the session.

It was intended to take effect on July 1, 2021, but this date is now irrelevant since the bill did not become law.

Bill History

2021-03-22 House

H COW:H Did not consider for COW

2021-01-27 House

H Placed on General File

2021-01-27 House

H03 - Revenue:Recommend Do Pass 6-3-0-0-0

2021-01-12 House

H Introduced and Referred to H03 - Revenue

2021-01-12 House

H Received for Introduction

2021-01-08 LSO

Bill Number Assigned

Current Bill Text

Read the full stored bill text

21LSO-0138
2021
STATE OF WYOMING
21LSO-0138
Numbered
2.0

HOUSE BILL NO. HB0055

Tobacco tax.

Sponsored by: Joint Revenue Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; increasing the tax on 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(a), (b), (e) and (f) is amended to read:

39
‑
18
‑
104.

Taxation rate.

(a)

There is levied and shall be collected and paid to the department an excise tax at the rate of
three cents
($.03)
four and two
‑
tenths cents ($.042)
upon the sale of each cigarette sold by wholesalers.

(b)

There is levied and shall be paid to the department an excise tax at the rate of
three cents ($.03)
four and two
‑
tenths cents ($.042)
upon the use or storage by consumers of cigarettes in Wyoming but only if the tax imposed by subsection (a) of this section has not been paid.

(e)

In addition to the other taxes imposed by this section, there is levied and assessed upon moist snuff purchased or imported into this state by wholesalers for resale, an excise tax at the rate of
sixty cents ($0.60)
seventy
‑
two cents ($0.72)
for any amount of moist snuff up to one (1) ounce plus a proportionate tax at the like rate on any fractional parts of more than one (1) ounce. The tax on moist snuff shall be imposed based on the net weight as listed by the manufacturer.

(f)

The tax imposed by subsection (e) of this section shall also be imposed upon the use or storage by consumers
of moist snuff in this state, and upon those consumers, at the rate of
sixty cents ($0.60)
seventy
‑
two cents ($0.72)
for any amount of moist snuff up to one (1) ounce plus a proportionate tax at the like rate on any fractional parts of more than one (1) ounce. This tax shall not apply if the tax imposed by subsection (e) of this section has been paid. The tax on moist snuff shall be imposed based on the net weight as listed by the manufacturer.

Section 2
.

This act is effective July 1, 2021
.

(END)

1
HB0055