S.3081 - Tobacco Tax Equity Act of 2012112th Congress (2011-2012)
|Sponsor:||Sen. Durbin, Richard J. [D-IL] (Introduced 05/10/2012)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/10/2012 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.3081 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (05/10/2012)
Tobacco Tax Equity Act of 2012 - Amends the Internal Revenue Code to tax pipe tobacco, smokeless tobacco products, and large cigars at the same level as cigarettes. Revises the definition of "tobacco products" to include any other product containing tobacco that is intended or expected to be consumed.
Makes smokeless tobacco products sold in discrete single-use units subject to an excise tax of $50.33 per thousand.