SB3929 - Tennessee - Tobacco Master Settlement Agreement, Tobacco, Tobacco Products

Companion Bill HB3862. Tobacco, Tobacco Products - Requires non-participating tobacco manufacturers selling cigarettes in Tennessee to file quarterly with the department of revenue regarding their compliance with escrow requirements. - Amends TCA Title 67, Chapter 4, Part 10. Fiscal Summary for *SB3929 / HB3862Increase State Expenditures - $38,000/One-Time $63,200/FY08-09 $126,300/FY09-10 and Succeeding Years Bill Summary for *SB3929 / HB3862 Present law requires a tobacco product manufacturer selling cigarettes to consumers in Tennessee, directly or through an intermediary, to either participate in the master tobacco settlement agreement or place $.0188482 for each unit sold into a qualified escrow fund in accordance with the Tennessee Tobacco Manufacturers' Escrow Fund Act. A manufacturer who is not [...]

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