H.R. 2256 — A bill to amend sections 5701(a)(2) and 5702(m) of the Internal Revenue Code of 1954 to reduce the excise tax rate imposed on large cigars and to modify the base on which such tax is imposed.

Summary

Amends the Internal Revenue Code to reduce the excise tax on large cigars for fiscal years 1982 and 1983 and eliminate the tax thereafter. Revises the formula for determination of the wholesale price on which the excise tax is based.

Full Text

Related Legislation

S. 1236A bill to amend sections 5701(a)(2) and 5702(m) of the Internal Revenue Code of 1954 to modify the base on which the tax on large cigars is imposed and to achieve a phased reduction in the tax rate.
1981-06-15Committee on Finance requested executive comment from OMB; Treasury Department.
Related

Legislative Actions

1981-03-03
Introduced in House
1981-03-03
Introduced in House
1981-03-03
Referred to House Committee on Ways and Means.

A bill to amend sections 5701(a)(2) and 5702(m) of the Internal Revenue Code of 1954 to reduce the excise tax rate imposed on large cigars and to modify the base on which such tax is imposed.

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill