This bill amends the definition of "units sold" in the context of cigarette and tobacco regulation and taxation in Iowa. It specifies 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 amendment replaces the previous measurement method, which was based on excise taxes collected by the state, with a new definition that includes packs required to bear the state's excise stamp and roll-your-own tobacco on which 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 of each tobacco product manufacturer annually. The bill is designated to take effect immediately upon enactment, emphasizing its urgency and importance in updating the regulatory framework for tobacco sales in Iowa.

Statutes affected:
Introduced: 453C.1