Summary as introduced:
Cigarette manufacturing tax. Imposes a state tax on cigarette manufacturers in the amount of twenty hundredths of a cent per cigarette manufactured or produced in Virginia on or after January 1, 2004 (the tax is 4 cents per pack of cigarettes, based on 20 cigarettes in a pack). The moneys collected from such tax, including penalties and interest, shall be credited to a special fund titled "Local Government School Construction Fund." All such moneys shall be distributed quarterly to counties and cities within 30 days after the end of each calendar quarter beginning with the calendar quarter ending March 31, 2004. Moneys in the Fund shall be distributed to counties and cities on a set per pupil amount, based on the latest actual adjusted average daily membership as determined by the Department of Education.
All moneys distributed to localities shall be used solely for public school construction, public school additions and renovations, including retrofitting and enlarging public school buildings; public school infrastructure, including technology infrastructure; site acquisition for public school buildings and public school facilities; or debt service payments on such projects completed subsequent to December 31, 1993.
01/08/03 Senate: Presented & ordered printed, prefiled 01/06/03 031982448 pdf | impact statement
01/08/03 Senate: Presented & ordered printed, prefiled 01/06/03 031982448
01/08/03 Senate: Referred to Committee on Finance
01/29/03 Senate: Failed to report (defeated) in Finance (3-Y 12-N)