Section 43.50.300. Excise tax levied.

An excise tax is levied on tobacco products in the state at the rate of 75 percent of the wholesale price of the tobacco products. The tax is levied when a person
        (1) brings, or causes to be brought, a tobacco product into the state from outside the state for sale;
        (2) makes, manufactures, or fabricates a tobacco product in the state for sale in the state; or
        (3) ships or transports a tobacco product to a retailer in the state for sale by the retailer.

Authorities

43.50.330;43.50.370;43.50.390

Notes

Recent Bills that will modify this

HB 304 ELECTRNC TAX RETURNS;TOBACCO & E-CIGS TAX
HB4001 OMNIBUS TAXES & CREDITS; MINING LICENSES
HB5002 OMNIBUS TAXES & CREDITS; MINING LICENSES
SB 133 ELECTRNC TAX RETURNS;TOBACCO & E-CIGS TAX
SB4001 OMNIBUS TAXES & CREDITS; MINING LICENSES
SB5002 OMNIBUS TAXES & CREDITS; MINING LICENSES

References

AS 43.50.330 Returns.
AS 43.50.370 Regulations.
AS 43.50.390 Definitions.

History

(Sec. 4 ch 125 SLA 1988; am Sec. 5 ch 48 SLA 1997)