A bill to amend the Internal Revenue Code of 1986 to increase the excise taxes on cigarettes to 32 cents per pack and on snuff and chewing tobacco to 8 cents per package.

Summary

Amends the Internal Revenue Code to increase the excise tax on cigarettes from: (1) $8 to $16 per thousand for small cigarettes; and (2) $16.80 to $33.60 per thousand for large cigarettes. Increases the excise tax on snuff from 24 cents to $1.20. Increases the excise tax on chewing tobacco from eight cents to 40 cents. Imposes a floor stock tax on domestic and imported large and small cigarettes, snuff, and chewing tobacco.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 3 February 1987

  Open at official source

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