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*LRB09318067SJM43754b* 93RD GENERAL ASSEMBLY State of Illinois and 2004 SB2552 Introduced 2/3/2004, by Terry Link SYNOPSIS AS INTRODUCED:
SB2552 Engrossed LRB093 18067 SJM 43754 b AN ACT concerning taxes.
ILCS 130/2a new Amends the Cigarette Tax Act.
Provides that an equity assessment, in the amount of 25 mills per cigarette, is imposed on each package of nonparticipating-manufacturer cigarettes to which a person affixes a stamp or imprint as required under existing law.
Provides that a "nonparticipating manufacturer" is a tobacco manufacturer that is not participating in the master settlement agreement entered into with respect to certain tobacco-related litigation.
Sets forth payment procedures and penalties for violations.
Effective immediately.
LRB093 18067 SJM 43754 b FISCAL NOTE ACT MAY APPLY A BILL FOR SB2552 LRB093 18067 SJM 43754 b AN ACT concerning taxes.
Except as otherwise provided in this Section, the assessment shall be collected, paid, administered, and enforced in the same manner as the tax on cigarettes imposed by Section 2.
(2) to protect funding, which is reduced as a result of the growth of nonparticipating-manufacturer cigarette SB2552 - 2 - LRB093 18067 SJM 43754 b sales, for programs funded in whole or in part by payments to the State under the Master Settlement Agreement, as defined in Section 10 of the Tobacco Product Manufacturers’ Escrow Act, and to recoup settlement-payment revenue lost to the State as a result of nonparticipating-manufacturer cigarettes sales;
(2) to protect funding, which is reduced as a result of the growth of nonparticipating-manufacturer cigarette sales, for programs funded in whole or in part by payments to the State under the Master Settlement Agreement, as defined in Section 10 of the Tobacco Product Manufacturers’ SB2552 Engrossed - 2 - LRB093 18067 SJM 43754 b Escrow Act, and to recoup settlement-payment revenue lost to the State as a result of nonparticipating-manufacturer cigarette sales;
The Department may require a nonparticipating manufacturer to provide any information reasonably necessary to determine the assessment SB2552 - 3 - LRB093 18067 SJM 43754 b payment amount and, in the case of prepayment, shall establish procedures providing for reimbursement to nonparticipating manufacturers if actual sales are less than sales as projected by the Department and for additional payment by nonparticipating manufacturers if actual sales are greater than sales as projected by the Department.
The Department may require a nonparticipating manufacturer to provide any information reasonably necessary to determine the assessment payment amount and, in the case of prepayment, shall establish procedures providing for reimbursement to nonparticipating manufacturers if actual sales are less than sales as projected SB2552 Engrossed - 3 - LRB093 18067 SJM 43754 b by the Department and for additional payment by nonparticipating manufacturers if actual sales are greater than sales as projected by the Department.
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