FIRST REGULAR SESSION

HOUSE BILL NO. 971

93RD GENERAL ASSEMBLY

 

 

INTRODUCED BY REPRESENTATIVE DEMPSEY.

         Read 1st time April 1, 2005 and copies ordered printed.

STEPHEN S. DAVIS, Chief Clerk

2152L.02I

 

AN ACT

To amend chapter 149, RSMo, by adding thereto one new section relating to taxes on the sale of cigarettes and tobacco products, with a referendum clause.




Be it enacted by the General Assembly of the state of Missouri, as follows:


            Section A. Chapter 149, RSMo, is amended by adding thereto one new section, to be known as section 149.240, to read as follows:

            149.240. 1. Beginning the first full calendar quarter after approval by the voters, in addition to the taxes imposed by sections 149.015, 149.082, and 149.160, there is hereby imposed additional taxes upon the sale of cigarettes and tobacco products as follows:

            (1) For cigarettes, twelve and one-half mills per cigarette; and

            (2) For tobacco products other than cigarettes, ten percent of the manufacturer's invoice price before discounts and deals.

 

The taxes imposed by this section shall be collected in the same manner and at the same time as the taxes imposed, respectively, upon cigarettes by section 149.015, and upon tobacco products other than cigarettes by section 149.160.

            2. All proceeds from the additional taxes imposed in subsection 1 of this section shall be deposited in and credited to the general revenue fund.

            3. This section shall expire four years after the effective date of this section.

            Section B. Section A of this act is hereby submitted to the qualified voters of this state for approval or rejection at an election which is hereby ordered and which shall be held and conducted on the Tuesday immediately following the first Monday in November, 2006, or at a special election on November 8, 2005, to be called by the governor for that purpose, pursuant to the laws and constitutional provisions of this state applicable to general elections and the submission of referendum measures by initiative petition, and it shall become effective when approved by a majority of the votes cast thereon at such election and not otherwise.