Bill Text - SB305 (2024)

Relative to allowing wholesalers of cigarettes to retain tax revenue collected for each package of cigarettes with tax stamps sold.


Revision: Nov. 18, 2023, 10:40 a.m.

 

2024 SESSION

24-2876.0

12/10

 

SENATE BILL [bill number]

 

AN ACT relative to allowing wholesalers of cigarettes to retain tax revenue collected for each package of cigarettes with tax stamps sold.

 

SPONSORS: [sponsors]

 

COMMITTEE: [committee]

 

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ANALYSIS

 

This bill permits wholesalers of cigarettes to retain one cent of the tax collected for each package of cigarettes to which a tax stamp is affixed as compensation for affixing tax stamps and collecting and remitting tax revenue.

 

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

24-2876.0

12/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT relative to allowing wholesalers of cigarettes to retain tax revenue collected for each package of cigarettes with tax stamps sold.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  New Section; Tobacco Tax; Wholesaler Compensation Compensation for Collecting and Remitting Tax. Amend RSA 78 by inserting after section 11 the following new section:

78:11-a Compensation for Collecting and Remitting Tax. The commissioner shall permit wholesalers of cigarettes to retain one cent of the tax revenue collected for each package of cigarettes to which a tax stamp is affixed as compensation for affixing tax stamps and collecting and remitting tax revenue.

2  Effective Date.  This act shall take effect July 1, 2024.