A bill to adjust the price support level for tobacco to 75 percent of the parity price.

Provides that the level of support for tobacco, if marketing quotas are in effect, shall be 75 percent of parity price.

States that if acreage poundage or poundage farm marketing quotas are in effect: (1) price support shall not be made available on tobacco marketed in excess of 110 percent of the marketing quota (after adjustments) for the farm on which such tobacco was produced; and (2) for the purpose of price-support eligibility, tobacco carried over from one marketing year to another shall, when marketed, be considered tobacco of the then current crop.