Signed by Governor Steve Beshear

Vote Smart's Synopsis:

Vote to pass a bill that expands the 6 percent sales tax to include the gross receipts from the retail sale of alcohol (not including alcohol consumed on the premises), and increases the tax rate on tobacco products paid by consumers, retailers, sub-jobbers, and wholesalers beginning April 1, 2009.

Highlights:

-Increases the excise tax rate on cigarettes from 30 cents to 60 cents per each 20 cigarettes (Sec. 1). -Appropriates the 1 cent surtax charge per each 20 cigarettes, as provided by existing law, to the cancer research institutions matching fund (Sec. 1). -Increases the excise tax rate on tobacco wholesalers from 7.5 percent to 15 percent of the gross receipts (Sec. 1). -Increases the excise tax rate on all snuff wholesalers from 9.5 cents to 19 cents per unit (Sec. 1). -Increases the floor stock tax on cigarettes paid by retailers, sub-jobbers, and wholesaler from 26 cents to 30 cents per each 20 cigarettes (Sec. 2). -Establishes a floor stock tax on snuff paid by retailers and sub-jobbers at a rate of 9.5 cents per unit (Sec. 2). -Establishes a payment plan for the taxes listed above as paid by retailers, sub-jobbers, and wholesalers that requires one-third of the total amount due be paid on or before April 10, 2009, two-thirds of the total amount due be paid on or before May 10, 2009, and the total amount due be paid on or before June 10, 2009 (Sec. 2). -This is a substitute bill sponsored by the House Committee on Appropriations and Revenue.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that expands the 6 percent sales tax to include the gross receipts from the retail sale of alcohol (not including alcohol consumed on the premises), and increases the tax rate on tobacco products paid by consumers, retailers, sub-jobbers, and wholesalers beginning April 1, 2009.

Highlights:

-Increases the excise tax rate on cigarettes from 30 cents to 60 cents per each 20 cigarettes (Sec. 1). -Appropriates the 1 cent surtax charge per each 20 cigarettes, as provided by existing law, to the cancer research institutions matching fund (Sec. 1). -Increases the excise tax rate on tobacco wholesalers from 7.5 percent to 15 percent of the gross receipts (Sec. 1). -Increases the excise tax rate on all snuff wholesalers from 9.5 cents to 19 cents per unit (Sec. 1). -Increases the floor stock tax on cigarettes paid by retailers, sub-jobbers, and wholesaler from 26 cents to 30 cents per each 20 cigarettes (Sec. 2). -Establishes a floor stock tax on snuff paid by retailers and sub-jobbers at a rate of 9.5 cents per unit (Sec. 2). -Establishes a payment plan for the taxes listed above as paid by retailers, sub-jobbers, and wholesalers that requires one-third of the total amount due be paid on or before April 10, 2009, two-thirds of the total amount due be paid on or before May 10, 2009, and the total amount due be paid on or before June 10, 2009 (Sec. 2). -This is a substitute bill sponsored by the House Committee on Appropriations and Revenue.

Full Bill Text