58.1-1001 - Tax levied; rate. - Virginia Statutes

§ 58.1-1001. Tax levied; rate.

A. Except as provided in subsection B, in addition to all other taxes nowimposed by law, every person within this Commonwealth who sells, stores orreceives cigarettes made of tobacco or any substitute thereof, for thepurpose of distribution to any person within this Commonwealth, shall pay tothis Commonwealth an excise tax of one and one-quarter mills on each suchcigarette sold, stored or received before August 1, 2004; an excise tax ofone cent on each such cigarette sold, stored or received on and after August1, 2004, through midnight on June 30, 2005; and an excise tax of 1.5 cents oneach such cigarette sold, stored or received on and after July 1, 2005.

B. In addition to all other taxes now imposed by law, every person within theCommonwealth who sells, stores, or receives roll-your-own tobacco, for thepurpose of distribution within the Commonwealth, shall pay to theCommonwealth a cigarette excise tax at the rate of 10% of the manufacturer'ssales price of such roll-your-own tobacco.

C. The revenues generated by the taxes imposed under this section on andafter August 1, 2004, shall be collected by the Department and deposited intothe Virginia Health Care Fund established under § 32.1-366.

(Code 1950, § 58-757.1; 1960, c. 392, § 1; 1980, c. 633; 1984, c. 675; 2004,Sp. Sess. I, c. 3; 2006, c. 768.)