Senate Bill No. introduced by B. Beard proposes to revise the tax rate on cigarettes that are intended to be heated but not burned. The bill amends Section 16-11-111 of the Montana Code Annotated (MCA) to establish a tax of 85 cents on each package containing 20 cigarettes that are intended to be heated, while maintaining the existing tax of $1.70 on packages of cigarettes intended to be burned. Additionally, the bill modifies the calculation for tax on packages containing a different number of cigarettes, changing the language from "1/20" to "one-twentieth" of the tax on a standard package.

The bill also includes provisions for the effective date and applicability of the new tax rates, stating that the act will take effect upon passage and approval, and will apply to cigarettes sold by wholesalers after June 30, 2025. This legislation aims to clarify the tax structure for different types of cigarette products and ensure compliance with tax regulations for wholesalers and retailers.

Statutes affected:
LC Text: 16-11-111
SB0098_1(1): 16-11-111
SB0098_1(2): 16-11-111
SB0098_1(3): 16-11-111
SB0098_1(4): 16-11-111
SB0098_1(5): 16-11-111
SB0098_1: 16-11-111