This bill amends the definition of "units sold" in the context of cigarette and tobacco regulation and taxation in Iowa. The updated definition specifies that "units sold" refers to the number of individual cigarettes sold by tobacco product manufacturers, whether directly or through intermediaries, during the year in question. The bill clarifies that this measurement is based on packs that are required to bear the state's excise stamp, as well as roll-your-own tobacco for which a tax is due under Code chapter 453A.

Additionally, the bill mandates that the Department of Revenue adopt necessary rules to determine the amount of state excise tax paid on the cigarettes sold by each tobacco product manufacturer for each year. The bill is deemed of immediate importance and takes effect upon enactment.

Statutes affected:
Introduced: 453C.1