SB2929: Tobacco Tax Equity Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to provide tax rate parity among all tobacco products, and for other purposes.
Plain-language summary
This bill would change federal tax rates on tobacco products to make them equal across all types. Currently, different tobacco products like cigarettes, cigars, and chewing tobacco are taxed at different rates. The bill aims to create 'tax rate parity,' meaning the same tax rate would apply to all tobacco products. The bill was introduced in the Senate and remains in its early stage.
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SB2929: Tobacco Tax Equity Act of 2023
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Sponsors
Richard Durbin
Primary SponsorCo-sponsors (8)
Ron Wyden
Richard Blumenthal
Jeff Merkley
Sherrod Brown
Edward Markey