SB 1318 Tobacco Master Settlement Agreement.
Charles R. Hawkins | 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 Funds may be withdrawn from escrow to pay judgments or settlements on certain claims, if the amount deposited exceeds the Commonwealth's allocable share of payments it would be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 the tobacco product manufactures 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. This bill is identical to HB 2608.

Full text:
01/21/99  Senate: Presented & ordered printed 999422843  pdf
03/04/99  Senate: Bill text as passed Senate and House (SB1318ER)  pdf
04/07/99  Governor: Acts of Assembly Chapter text (CHAP0714)  pdf

Amendments:
House amendments
House amendments engrossed

Status:
01/21/99  Senate: Presented & ordered printed 999422843
01/21/99  Senate: Referred to Committee on Finance
02/03/99  Senate: Reported from Finance (17-Y 0-N)
02/04/99  Senate: Constitutional reading dispensed (39-Y 0-N)
02/04/99  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
02/05/99  Senate: Read second time and engrossed
02/05/99  Senate: Constitutional reading dispensed (39-Y 0-N)
02/05/99  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
02/05/99  Senate: Passed Senate (39-Y 0-N)
02/05/99  Senate: VOTE: PASSAGE R (39-Y 0-N)
02/05/99  Senate: Rec. of passage agreed to by Senate (40-Y 0-N)
02/05/99  Senate: VOTE: RECONSIDER R (40-Y 0-N)
02/05/99  Senate: Passed Senate (40-Y 0-N)
02/05/99  Senate: VOTE: PASSAGE R (40-Y 0-N)
02/05/99  Senate: Communicated to House
02/10/99  House: Placed on Calendar
02/10/99  House: Read first time
02/10/99  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
02/19/99  House: Reported from Agriculture w/amendments (24-Y 0-N)
02/22/99  House: Read second time
02/23/99  House: Read third time
02/23/99  House: Committee amendments agreed to
02/23/99  House: Engrossed by House as amended
02/23/99  House: Passed House with amendments (Block Vote) (98-Y 0-N)
02/23/99  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
02/25/99  Senate: Reading of amendments waived
02/25/99  Senate: House amendments agreed to by Senate (40-Y 0-N)
02/25/99  Senate: VOTE: CONCUR HOUSE AMENDMENTS (40-Y 0-N)
03/04/99  Senate: Bill text as passed Senate and House (SB1318ER)
03/12/99  Senate: Enrolled
03/12/99  House: Signed by Speaker
03/15/99  Senate: Signed by President
03/28/99  Governor: Approved by Governor-Chapter 714 (effective 7/1/99)
04/07/99  Governor: Acts of Assembly Chapter text (CHAP0714)