HB 299: "An Act reducing excise tax rates for pipe tobacco and certain cigars, cheroots, and stogies."
00HOUSE BILL NO. 299 01 "An Act reducing excise tax rates for pipe tobacco and certain cigars, cheroots, 02 and stogies." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.50.300 is amended to read: 05 Sec. 43.50.300. Excise tax levied. (a) An excise tax is levied 06 (1) on the following tobacco products in the state at the rate of 25  07 percent of the wholesale price of the tobacco product: 08 (A) cigars, cheroots, and stogies if the wholesale price of the 09 cigar, cheroot, or stogie is more than $1.75; and 10 (B) tobacco in any form suitable for smoking in a pipe; 11 (2) on a tobacco product, except a product described in (1) of this 12 subsection, in the state at the rate of 75 percent of the wholesale price of the 13 tobacco product [PRODUCTS]. 14 (b) The tax imposed under (a) of this section is levied when a person
01 (1) brings, or causes to be brought, a tobacco product into the state 02 from outside the state for sale; 03 (2) makes, manufactures, or fabricates a tobacco product in the state 04 for sale in the state; or 05 (3) ships or transports a tobacco product to a retailer in the state for 06 sale by the retailer.