Mike Sturla voted Yea (Concurrence Vote With Amendment) on this Legislation.
Title: Tax Law Amendments
Signed by Governor Ed Rendell
Title: Tax Law Amendments
Vote to concur with Senate amendments and pass a bill that amends tax law in various ways, including the following highlights.
-Increases the excise tax rate on the sale or possession of cigarettes from 6 3/4 cents per cigarette to 8 cents per cigarette, and decreases the rate of the additional tax imposed on individuals who possess cigarettes on which the aforementioned 8 cents per cigarette has been paid from 1 3/4 cents per cigarette to 1 1/4 cents per cigarette (Secs. 9.3). -Modifies capital stock and franchise tax rates as follows (Sec. 8):
Title: Tax Law Amendments
Vote to concur with House amendments and adopt further amendments to a bill that amends tax law in various ways, including the following highlights.
-Increases the excise tax rate on the sale or possession of cigarettes from 6 3/4 cents per cigarette to 8 cents per cigarette, and decreases the rate of the additional tax imposed on individuals who possess cigarettes on which the aforementioned 8 cents per cigarette has been paid from 1 3/4 cents per cigarette to 1 1/4 cents per cigarette (Secs. 9.3). -Modifies capital stock and franchise tax rates as follows (Sec. 8):
Title: Tax Law Amendments
Vote to concur with Senate amendments and pass a bill that amends tax law in various ways, including the following highlights.
-Imposes a tobacco products tax on dealers, manufacturers, or any person at the time the tobacco product is first sold to a retailer at the rate of 30 percent of the purchase price charged to the retailer (Sec. 9.5). -Levies a natural gas severance tax on producers at a rate of 5 percent of the gross value of units severed at the wellhead during a reporting period plus 4.7 cents per unit severed, and exempts units severed from stripper wells from this tax (Sec. 9.5). -Modifies capital stock and franchise tax rates as follows (Sec. 8):
Title: The Taxing of Tobacco and Gambling for Other Public Goods