HB 613-FN – AS INTRODUCED
2007 SESSION
09/10
HOUSE BILL 613-FN
AN ACT relative to payment for tobacco products purchased by retailers.
SPONSORS: Rep. Hawkins, Hills 18; Rep. Graham, Hills 18; Sen. Roberge, Dist 9
This bill requires retailers to pay wholesalers for the cost of tobacco products purchased within 10 days of such purchase.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
07-0062
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT relative to payment for tobacco products purchased by retailers.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Payments by Retailers for Tobacco Products Purchased From Wholesalers. Amend RSA 78 by inserting after section 12-e the following new section:
78:12-f Payments by Retailers for Tobacco Products Purchased. Retailers shall pay wholesalers for the cost of tobacco products purchased within 10 days of such purchase. The commissioner shall suspend or revoke the license of any retailer who violates the provisions of this section.
2 Effective Date. This act shall take effect July 1, 2007.
LBAO
07-0062
Revised 02/05/07
HB 613 FISCAL NOTE
AN ACT relative to payment for tobacco products purchased by retailers.
FISCAL IMPACT:
The Department of Revenue states this bill will increase state general fund expenditures and may decrease state revenue by an indeterminable amount in FY 2008 and each year thereafter. There will be no fiscal impact on county and local expenditures or revenue.
METHODOLOGY:
The Department of Revenue states this bill requires retailers to pay wholesalers for the cost of tobacco products purchased within 10 days of such purchase. This bill would be difficult to administer because wholesalers would need to report their unpaid retailers to the Department. The Department would have to suspend and revoke licenses for retailers who do not pay within the 10 days, attend hearings, and reinstate licenses on a daily basis. The process would be cumbersome and costly for the Department. The Department also states this bill may diminish the sales of tobacco products and have an impact on business due to cash flow.