HB 2608 Tobacco Master Settlement Agreement.
W. W. Bennett, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)
Tobacco Master Settlement Agreement. Requires any tobacco product manufacturer selling cigarettes after July 1, 1999, who does not participate in the Master Settlement Agreement between the Commonwealth and certain tobacco product manufacturers, to make deposits into a qualified escrow fund. The amount required to be placed in escrow is determined by multiplying the number of units (cigarettes or their equivalent) sold in a year by an amount that increases from $.0094241 in 1999 to $.0188482 in 2007 and thereafter, as adjusted for inflation. Funds may be withdrawn from escrow to pay judgments or settlements on certain claims, if the amount deposited exceeds the Commonwealth's allocable share of payments it would be required to make under the master settlement agreement, or, if not sooner released, 25 years after they were deposited. Failure to make the required escrow deposits shall be subject to civil penalties, and on a second violation shall be barred from selling cigarettes in the Commonwealth. The Department of Taxation is required to promulgate regulations necessary to ascertain the amount of excise tax paid on the cigarettes of tobacco product manufacturers.

Full text:
01/21/99  House: Presented & ordered printed 999574843  pdf
03/02/99  House: Bill text as passed House and Senate (HB2608ER)  pdf
04/08/99  Governor: Acts of Assembly Chapter text (CHAP0754)  pdf

Amendments:
Senate amendments
Senate amendments engrossed

Status:
01/21/99  House: Presented & ordered printed 999574843
01/21/99  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
02/05/99  House: Reported from Agriculture (24-Y 0-N)
02/06/99  House: Read first time
02/07/99  House: Read second time and engrossed
02/08/99  House: Read third time and passed House (Block Vote) (99-Y 0-N)
02/08/99  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/08/99  House: Communicated to Senate
02/10/99  Senate: Constitutional reading dispensed
02/10/99  Senate: Referred to Committee on Finance
02/17/99  Senate: Reported from Finance (17-Y 0-N)
02/18/99  Senate: Constitutional reading dispensed (40-Y 0-N)
02/18/99  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
02/19/99  Senate: Read third time
02/19/99  Senate: Reading of amendments waived
02/19/99  Senate: Amendments by Sen. Hawkins agreed to
02/19/99  Senate: Engrossed by Senate as amended
02/19/99  Senate: Passed Senate with amendments (38-Y 0-N)
02/19/99  Senate: VOTE: PASSAGE R (38-Y 0-N)
02/19/99  Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
02/19/99  Senate: VOTE: RECONSIDER R (40-Y 0-N)
02/19/99  Senate: Passed Senate with amendments (39-Y 0-N)
02/19/99  Senate: VOTE: PASSAGE R (39-Y 0-N)
02/22/99  House: Placed on Calendar
02/23/99  House: Senate amendments agreed to by House (90-Y 0-N)
02/23/99  House: VOTE: ADOPTION (90-Y 0-N)
03/02/99  House: Bill text as passed House and Senate (HB2608ER)
03/08/99  House: Enrolled
03/08/99  House: Signed by Speaker
03/09/99  Senate: Signed by President
03/28/99  Governor: Approved by Governor-Chapter 754 (effective 7/1/99)
04/08/99  Governor: Acts of Assembly Chapter text (CHAP0754)