S. 1236 — A 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.

Summary

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

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H.R. 2256A 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.
1981-03-03Referred to House Committee on Ways and Means.
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Legislative Actions

1981-05-20
Introduced in Senate
1981-05-20
Read second time and referred to Senate Committee on Finance.
1981-06-15
Committee on Finance requested executive comment from OMB; Treasury Department.

A 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.

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