VA HB1204 | 2012 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 19 2012 - 25% progression, died in committee
Action: 2012-02-20 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Incentive payments for use of domestic tobacco by nonparticipating manufacturers. Extends through 2014 the incentive payments made to certain nonparticipating manufacturers using domestic tobacco to manufacture cigarettes. Incentive payments in 2013 and 2014 would equal the amount paid by the nonparticipating manufacturer for domestic tobacco that was used by the manufacturer in manufacturing cigarettes in the respective year, but not to exceed five percent of the amount that the manufacturer paid into a qualified escrow account in the preceding year to escrow funds for potential future claims against the manufacturer. Current law provides that a manufacturer eligible for an incentive payment is a person or entity that (i) does not participate under the tobacco Master Settlement Agreement, (ii) is in compliance with all obligations imposed on nonparticipating manufacturers, and (iii) has made an irrevocable assignment to the Commonwealth of the moneys it paid into the qualified escrow account.

Tracking Information

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Title

Domestic tobacco; incentive payments for use by nonparticipating manufacturers.

Sponsors


History

DateChamberAction
2012-02-20 House: Left in Appropriations
2012-02-08 House: Subcommittee recommends laying on the table by voice vote
2012-02-07 House: Assigned App. sub: Health & Human Resources
2012-02-06 House: Referred to Committee on Appropriations
2012-02-06 House: Referred from Finance by voice vote
2012-01-24 House: Assigned Finance sub: #1
2012-01-19 House: Referred to Committee on Finance
2012-01-19 House: Presented and ordered printed 12104409D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.15:0(n/a)See Bill Text
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581439.15:0(n/a)See Bill Text
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581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
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581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
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581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text
581439.15:0(n/a)See Bill Text

Virginia State Sources


Bill Comments

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