§ 22 §1580-I — Requirements

Any tobacco product manufacturer selling cigarettes to consumers within the State (whether directly or through a distributor, retailer or similar intermediary or intermediaries) after the date of enactment of this Act shall do one of the following:
1.
Become a participating manufacturer (as that term is defined in section II(jj) of the Master Settlement Agreement) and generally perform its financial obligations under the Master Settlement Agreement; or
2.
place into a qualified escrow fund by April 15 of the year following the year in question the following amounts (as such amounts are adjusted for inflation) --1999: $.0094241 per unit sold after the date of enactment of this Act.2000: $.0104712 per unit sold.For each of 2001 and 2002: $.0136125 per unit sold.For each of 2003 through 2006: $.0167539 per unit sold.For each of 2007 and each year thereafter: $.0188482 per unit sold.
Each failure to make an annual deposit required under this section shall constitute a separate violation. In addition to the amounts set forth above, the State's costs and attorney's fees shall be paid by the violator.

Legislative History

PL 1999, c. 401, §U1 (NEW). PL 1999, c. 401, §U2 (AFF). PL 2003, c. 435, §2 (AMD).