HR 5763 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to modernize the base on which the tax on large cigars is imposed.

Introduced 1982-03-09· Sponsored by Rep. Gibbons, Sam [D-FL-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise the formula for determination of the wholesale price of cigars on which the excise tax is based. Defines "wholesale price" as the price at which cigars are sold by manufacturers or importers (present law defines "wholesale price" as the suggested delivered price at which the cigars are to be sold to retailers).…

Summarized by Claude AI · Non-partisan · For informational purposes only