H.R. 5448, A Bill To Amend The Internal Revenue Code Of 1986 To Impose An Additional Occupational Tax On Manufacturers And Importers Of Cigarettes And To Provide That The Amounts Collected Under This Tax Be Used To Reimburse Medicare and Medicaid

1990-08-02

Description
  • Bill introduced to the House by Rep. Stark, also known as the Medicare-Medicaid Reimbursement Act of 1990. Introduces a tax on cigarette manufacturers and importers based on the company's share of sales multiplied by the total smoking-related medical costs to Medicare and Medicaid. Provides methods for calculating costs and that the revenue will be appropriated to the Federal Supplementary Medical... read more
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