Category: Economy, Budget and Taxes

HB 550 (2015) relative to the administration of the tobacco tax.

House/Senate Bill: House

Description: As introduced, this bill makes a variety of changes to the tobacco tax laws. The bill was amended to modify business taxes so that a company going public does not have to pay the 8.5% business profits tax on any increase in the company's value from the sale of shares.

Bill Sponsor: Russell Ober III

Bill Co Sponsor: Click the "Link to Full Bill" for information

Next Hearing Date: Click the "Link to Full Bill" for information

Next Voting Date: Click the "Link to Full Bill" for information

Bill Status

Vetoed by Governor
Passed House Committee: Yes
Passed House: Yes
Passed Senate Committee: Yes
Passed Senate: Yes
Signed by Governor: No

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