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F I S C A L I M P A C T R E P O R T

SPONSOR:	Beam		DATE TYPED:	3/7/03		HB	765
SHORT TITLE:		Nonparticipating Tobacco Manufacturers Cap				SB
					ANALYST:		Smith

REVENUE

Estimated Revenue		Subsequent Years Impact	Recurring or Non-Rec	Fund Affected
FY03	FY04
	NFI

(Parenthesis ( ) Indicate Revenue Decreases)

SOURCES OF INFORMATION

Responses Received From

DFA

SUMMARY

Synopsis of Bill

House Bill 765 amends the state model statute pursuant to the Tobacco Master Settlement Agreement (MSA), Section 6-4-13, Subsection B. The amendment adds clarifying language outlining the circumstances in which a nonparticipating manufacturer will receive a refund for overpayments made. Non-participating manufacturers will be allowed reimbursement of fees paid in excess of the fees required to be paid had it been a participating manufacturer.

The bill also contains a severability clause.

SS/njw