US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 25
                            CIGARETTE AND TOBACCO
                                PRODUCTS TAXES
    63-2552.  TAX IMPOSED -- RATE. (1) From and after July 1, 1972, there is
levied and there shall be collected a tax upon the sale, use, consumption,
handling, or distribution of all tobacco products in this state at the rate of
thirty-five per cent (35%) of the wholesale sales price of such tobacco
products. Such tax shall be imposed at the time the distributor (a) brings, or
causes to be brought, into this state from without the state tobacco products
for sale, (b) makes, manufactures, or fabricates tobacco products in this
state for sale in this state, or (c) ships or transports tobacco products to
retailers in this state, to be sold by those retailers.
    (2)  A floor stocks tax is hereby imposed upon every distributor of
tobacco products at the rate of thirty-five per cent (35%) of the wholesale
sales price of each tobacco product in his possession or under his control on
July 1, 1972.
    Each distributor, within twenty (20) days after July 1, 1972, shall file a
report with the commission, in such form as the commission may prescribe,
showing the tobacco products on hand on July 1, 1972, and the amount of tax
due thereon.
    The tax imposed by this subdivision shall be due and payable within twenty
(20) days after July 1, 1972, and thereafter shall bear interest at the rate
of one per cent (1%) per month.