SB1459 - 104th General Assembly

TOBACCO ESCROW-VIOLATIONS
Last Action
1/31/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Robert F. Martwick and Mike Porfirio
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Tobacco Products Manufacturers' Escrow Enforcement Act of 2003. Provides that, upon a distributor's failure to submit certain information, the Attorney General may send a notice of violation to the distributor and provide 10 days to cure the violation. Provides that, if the distributor does not cure the violation, the Attorney General may notify the Director of Revenue of the violation, and, upon receiving the Attorney General's notice, the Director of Revenue shall revoke the distributor's license. Amends the Tobacco Product Manufacturers' Escrow Act. Provides that a tobacco product manufacturer that elects to place funds into escrow may make an irrevocable assignment of its interest in the funds to the benefit of the State.
Actions
Date Chamber Action
1/31/2025 Senate Filed with Secretary by Sen. Robert F. Martwick
1/31/2025 Senate First Reading
1/31/2025 Senate Referred to Assignments
2/05/2025 Senate Added as Co-Sponsor Sen. Mike Porfirio