SB1005 HFAT E. Nelson 5-24 #1


Eng. Com. Sub. For S. B. 1005 -- “A BILL  to amend and reenact §11-17-3 and §11-17-4 of the Code of West Virginia, 1931, as amended, all relating to increasing the tax rate on cigarettes and other tobacco products; providing exception for electronic cigarettes or similar products and vapor products; specifying where a portion of the tax revenue shall be dedicated; requiring a physical inventory of tax stamps and tobacco products upon the effective date of any tax rate change; applying tax rate changes to inventories; requiring a report of such inventory be filed sixty days after the effective date of the tax rate changes; and specifying effective date.