LilBastage
Meat is murder! Tasty, tasty murder.
- Joined
- Oct 25, 2005
- Messages
- 5,462
This bill was recently introduced in the House of Representatives in an effort to close the "loophole" that RYO tobacco producers have used to avoid the gargantuan taxes levied against their product in the SCHIP legislation of last year.
This is the pertinent passage:
SEC. 2. PIPE TOBACCO AND ROLL-YOUR-OWN TOBACCO RATE PARITY.
This is the pertinent passage:
SEC. 2. PIPE TOBACCO AND ROLL-YOUR-OWN TOBACCO RATE PARITY.
- (a) In General- Subsection (f) of section 5701 of the Internal Revenue Code of 1986 is amended by striking `$2.8311 cents' and inserting `$24.78'.
- (b) Effective Date- The amendments made by this section shall apply to articles removed (as defined in section 5702(j) of the Internal Revenue Code of 1986) after the date of the enactment of this Act.