The Pennsylvania age General Assembly continues to work to finish the 2024 FY state budget.
As part of that process, the state House recently sent a fiscal code bill (HB 1300) to the Senate.
Fiscal code bills contain multiple spending authorizations of various programs in state government.
The House amended into HB 1300 a change in the Unfair Cigarette Sales Act that would result in a significant increase of revenue for retailers as defined in the act. Under the bill, the definition of “cost to the retailer” would result in an increase in the minimum markup in stages over the next few years. The scheduled increase in the language in the bill is as follows:
Section 234-A. Presumed Cost of Doing Business By Retailer.–The presumed cost of doing business by a retailer making the sale shall be the following per centum:
Section 235-A. Presumed Cost of Doing Business By Stamping Agent.–The presumed cost of doing business by a stamping agent making the sale shall be the following per centum:
Section 236-A. Presumed Cost of Doing Business By Wholesaler.–The presumed cost of doing business by a wholesaler making the sale shall be the following per centum: