Introduced by Sen. Samuel B. Thomas, III (D) on October 21, 2003, to revise a provision of the legislation implementing the 1998 tobacco lawsuit master settlement agreement. Under the bill tobacco companies which are not parties to the agreement, and which pay into escrow accounts established to ensure future payments under the agreement, would not get annual refunds based on a formula of the aggregate escrow payments from both participating and non-participating companies. See Senate Bill 782 and House Bill 5221, which impose a 35-cents per pack tax on the sales of those companies.
Referred to the Senate Finance Committee on October 21, 2003.
Reported in the Senate on November 6, 2003, with the recommendation that the bill pass.
Referred to the House Tax Policy Committee on December 16, 2003.
Reported in the House on December 17, 2003, without amendment and with the recommendation that the bill pass.
Passed 88 to 20 in the House on December 17, 2003, to revise a provision of the legislation implementing the 1998 tobacco lawsuit master settlement agreement. Under the bill tobacco companies which are not parties to the agreement, and which pay into escrow accounts established to ensure future payments under the agreement, would not get annual refunds based on a formula of the aggregate escrow payments from both participating and non-participating companies. See House Bill 5221, which imposes a 35-cents per pack tax on the sales of those companies. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on January 8, 2004.
1) 2003 Senate Bill 781 by admin on January 1, 2001 Introduced in the Senate on October 21, 2003, to revise a provision of the legislation implementing the 1998 tobacco lawsuit master settlement agreement. Under the bill tobacco companies which are not parties to the agreement, and which pay into escrow accounts established to ensure future payments under the agreement, would not get annual refunds based on a formula of the aggregate escrow payments from both participating and non-participating companies. See Senate Bill 782 and House Bill 5221, which impose a 35-cents per pack tax on the sales of those companies
The vote was 38 in favor, 0 opposed and 0 not voting