A bill to amend the Internal Revenue Code of 1954, to tax cigarettes on the basis of their tar and nicotine content.

Revises the tax on cigarettes, under the Internal Revenue Code on the basis of their tar and nicotine content, with those having the higher tar and nicotine content being taxed at a higher rate. Directs the Federal Trade Commission to test tar and nicotine levels of all brands at least once every quarter. (Amends 26 U.S.C. 5701 (b))