Extend Credit For Out-of-state Tobacco Sales

Currently and until September 1, 2018, a distributor can claim a credit for taxes paid on tobacco products that are shipped or transported by the distributor to a consumer outside of the state. The bill makes the credit permanent and requires the distributor to maintain certain records related to the out-of-state sales to consumers. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More