HB1572
Cigars; TAX to collect data on number sold with sales price equal or greater than $1.50, report.
Summary
As Passed House of Origin. Department of Taxation; tobacco products tax; cigars; report.
Directs the Department of Taxation to update its form TT-8, Virginia Tobacco Products Tax Return (OTP), to begin collecting data on the number of cigars sold in the Commonwealth at a sales price equal to or greater than $1.50 as a distinct category from all other cigars. The bill directs ... (More) the Department to update such form or devise another appropriate method for data collection as soon as practicable and provide a report of the data so collected and estimated fiscal impacts of adopting a cap of 30 cents ($0.30) per cigar or another rate on the tobacco products tax imposed on this category of cigars to the Chairmen of the House Committee on Finance and the Senate Committee on Finance and Appropriations no later than January 15, 2026. (Less)-
Bill History
- 12/30/2024 - House: Prefiled and ordered printed; Offered 01-08-2025 25102264D
- 12/30/2024 - House: Referred to Committee on Finance
- 01/13/2025 - House: Assigned Finance sub: Subcommittee #2
- 01/13/2025 - House: Placed on Finance Agenda
- 01/14/2025 - House: Impact statement from TAX (HB1572)
- 01/20/2025 - House: Placed on Finance Agenda
- 01/21/2025 - House: Subcommittee recommends reporting with substitute (8-Y 0-N)
- 01/21/2025 - House: Placed on Finance Agenda
- 01/22/2025 - House: Reported from Finance with substitute (22-Y 0-N)
- 01/22/2025 - House: Committee substitute printed 25105708D-H1
- 01/24/2025 - House: Read first time
- 01/27/2025 - House: Read second time
- 01/27/2025 - House: Finance Substitute agreed to
- 01/27/2025 - House: Engrossed by House - committee substitute
- 01/28/2025 - House: Read third time and passed House (99-Y 0-N)
- 01/29/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 01/29/2025 - Senate: Referred to Committee on Finance and Appropriations
- 02/07/2025 - House: Impact statement from TAX (HB1572)
- 02/11/2025 - Senate: Passed by indefinitely in Finance and Appropriations with letter (10-Y 5-N)
