S 1314
Tobacco Tax Equity Act of 2021
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- Passed Senate
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Bill overview
The Tobacco Tax Equity Act of 2021 aims to equalize tobacco tax rates across different product types. It increases excise taxes on cigarettes and establishes parity with other tobacco products like roll-your-own, pipe tobacco, and smokeless tobacco. The bill also includes provisions for adjusting tax rates for inflation and addressing floor stocks of tobacco products, aiming to create a more consistent and equitable tax system for the tobacco industry.
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