Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru the end of 2024, so you can switch back as our improvements continue.
Legislation Quick Search
05/26/2024 11:08 PM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=S&SPick=20150&cosponId=16971
Share:
Home / Senate Co-Sponsorship Memoranda

Senate Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


Senate of Pennsylvania
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: January 27, 2015 09:26 AM
From: Senator Bob Mensch
To: All Senate members
Subject: Adjustment of the Retailer Presumptive Minimum Cost of Cigarettes
 
In the near future, I will introduce legislation to adjust the retailer presumptive minimum cost of doing business in cigarettes formula established more than 60 years ago from 6% to 7% for retailers, who have had no cost adjustment in the history of the law.

It does not affect cigars, snuff, chew or other tobacco products, and this is not a tax.

The bill will require records of each contract of sale, but they may be electronic or internet evidence. They must be kept at licensed premises or at corporate headquarters. Failure to pay in full in fourteen days or less subjects the buying dealer to violation of the act.

The benefits of this legislation are that thousands of retail licensees will see their cash flow enhanced. The Department of Revenue will have a clearer paper trail in the event of an audit and sales tax collections will be enhanced. This will further assist in collection of the Philadelphia school tax.

This legislation is supported by the Pennsylvania Food Merchants and the Pennsylvania Distributors Association.

I hope you will join me in this effort by co-sponsoring this legislation.



Introduced as SB691