Colorado 2025 Regular Session

Colorado Senate Bill SB056 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	First Regular Session
2	2	Seventy-fifth General Assembly
3	3	STATE OF COLORADO
4	4	INTRODUCED
5	5
6	6
7	7	LLS NO. 25-0381.01 Alison Killen x4350
8	8	SENATE BILL 25-056
9	9	Senate Committees House Committees
10	10	Finance
11	11	A BILL FOR AN ACT
12	12	C
13	13	ONCERNING THE TAXATION OF PREMIUM CIGARS , AND, IN101
14	14	CONNECTION THEREWITH , CAPPING THE STATUTORY EXCISE TAX102
15	15	ON PREMIUM CIGARS AT TWENTY PERCENT .103
16	16	Bill Summary
17	17	(Note: This summary applies to this bill as introduced and does
18	18	not reflect any amendments that may be subsequently adopted. If this bill
19	19	passes third reading in the house of introduction, a bill summary that
20	20	applies to the reengrossed version of this bill will be available at
21	21	http://leg.colorado.gov
22	22	.)
23	23	Effective July 1, 2025, the bill defines "premium cigar" and
24	24	reduces the statutory rate of excise taxation of this particular tobacco
25	25	product from the current rates for all non-cigarette tobacco products other
26	26	than moist snuff of 36% of the manufacturer's list price (MLP) from July
27	27	1, 2024, through June 30, 2027, and 42% of the MLP on and after July 1,
28	28	SENATE SPONSORSHIP
29	29	Sullivan,
30	30	HOUSE SPONSORSHIP
31	31	(None),
32	32	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
33	33	Capital letters or bold & italic numbers indicate new material to be added to existing law.
34	34	Dashes through the words or numbers indicate deletions from existing law. 2027, to 20% of the MLP, effectively rolling back the increases in the
35	35	statutory taxation rate for such tobacco products since 2005. The bill does
36	36	not affect taxation of premium cigars under the state constitution, which
37	37	imposes an additional 20% tax.
38	38	Be it enacted by the General Assembly of the State of Colorado:1
39	39	SECTION 1. In Colorado Revised Statutes, 39-28.5-101, add2
40	40	(9.5) as follows:3
41	41	39-28.5-101. Definitions. As used in this article 28.5, unless the4
42	42	context otherwise requires:5
43	43	(9.5) "P
44	44	REMIUM CIGAR" MEANS A CIGAR THAT IS ROLLED BY HAND,6
45	45	HAS A WRAPPER MADE OF WHOLE TOBACCO LEAVES , AND DOES NOT HAVE7
46	46	A FILTER OR A MOUTHPIECE.8
47	47	SECTION 2. In Colorado Revised Statutes, 39-28.5-102, amend9
48	48	(1) introductory portion; and add (6) as follows:10
49	49	39-28.5-102. Tax levied. (1) Except as set forth in subsection (3)
50	50	11
51	51	SUBSECTIONS (3) AND (6) of this section, there is levied a tax upon the12
52	52	sale, use, consumption, handling, or distribution of all tobacco products13
53	53	in this state, excluding modified risk tobacco products, at the rate of:14
54	54	(6) T
55	55	HE TAX IMPOSED UPON THE SALE , USE, CONSUMPTION,15
56	56	HANDLING, OR DISTRIBUTION OF PREMIUM CIGARS PURSUANT TO16
57	57	SUBSECTION (1) OF THIS SECTION IS TWENTY PERCENT OF THE17
58	58	MANUFACTURER'S LIST PRICE OF THE PREMIUM CIGARS.18
59	59	SECTION 3. Effective date - applicability. This act takes effect19
60	60	July 1, 2025, and applies to the sale, use, consumption, handling, or20
61	61	distribution of premium cigars on or after said date.21
62	62	SECTION 4. Safety clause. The general assembly finds,22
63	63	determines, and declares that this act is necessary for the immediate23
64	64	SB25-056-2- preservation of the public peace, health, or safety or for appropriations for1
65	65	the support and maintenance of the departments of the state and state2
66	66	institutions.3
67	67	SB25-056
68	68	-3-