Bill Summary – FastDemocracy

LB24                                                                       LB24
                                                                     2023
                               LEGISLATURE OF NEBRASKA
                            ONE HUNDRED EIGHTH LEGISLATURE
                                    FIRST SESSION
                       LEGISLATIVE BILL 24
       Introduced by Wayne, 13.
       Read first time January 05, 2023
       Committee: Revenue
   A BILL FOR AN ACT relating to the Tobacco Products Tax Act; to amend
       section 77-4008, Reissue Revised Statutes of Nebraska; to change
       provisions relating to the tax on cigars, cheroots, and stogies as
       prescribed; to provide an operative date; and to repeal the original
       section.
   Be it enacted by the people of the State of Nebraska,
                                          -1-
LB24                                                                                                     LB24
                                                                                                   2023
      Section 1. Section 77-4008, Reissue Revised Statutes of Nebraska, is
  amended to read:
      77-4008 (1)(a) A tax is hereby imposed upon the first owner of
  tobacco products to be sold in this state.
       (b) The tax on cigars, cheroots, and stogies shall be twenty percent
   of (i) the purchase price of the cigars, cheroots, or stogies paid by the
   first owner or    (ii)    the price at    which     a first owner who made,
   manufactured, or fabricated the cigars, cheroots, or stogies sells the
   items to    others,      except that the maximum tax imposed under this
   subdivision (b) shall be fifty cents for each cigar, cheroot, or stogie.
       (c) (b) The tax on snuff shall be forty-four cents per ounce and a
   proportionate tax at the like rate on all fractional parts of an ounce.
   Such tax shall be computed based on the net weight as listed by the
   manufacturer.
       (d) (c) The tax on tobacco products other than cigars, cheroots,
   stogies, and snuff shall be twenty percent of (i) the purchase price of
   such tobacco products paid by the first owner or (ii) the price at which
   a first owner who made, manufactured, or fabricated the tobacco product
   sells the items to others.
      (e) (d) The tax on tobacco products shall be in addition to all
   other taxes.
       (2)      Whenever any person who is    licensed under section    77-4009
   purchases tobacco products from another person licensed under section
   77-4009, the seller shall be liable for the payment of the tax.
       (3) Amounts collected pursuant to this section shall be used and
   distributed pursuant to section 77-4025.
       Sec. 2.       This act becomes operative on October 1, 2023.
      Sec.     3.        Original section     77-4008,      Reissue Revised Statutes of
  Nebraska, is repealed.
                                                    -2-
Statutes affected: 
Introduced: 77-4008