This bill amends the definition of "units sold" in the context of cigarette and tobacco regulation and taxation in Iowa. Specifically, it clarifies that "units sold" refers to the number of individual cigarettes sold by tobacco product manufacturers, whether directly or through intermediaries, during a given year. The bill removes the previous measurement method based on excise taxes collected by the state and instead specifies that units sold will be determined 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 ascertain the amount of state excise tax paid on the cigarettes of each tobacco product manufacturer annually. The bill is designated as having immediate importance and takes effect upon enactment.

Statutes affected:
Introduced: 453C.1