[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2390 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2390

   To repeal the provision which credits the increase in the tobacco 
  excise taxes enacted by the Balanced Budget Act of 1997 against the 
 payments due under the tobacco industry settlement agreement of June 
                               20, 1997.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 3, 1997

 Mr. Moakley introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To repeal the provision which credits the increase in the tobacco 
  excise taxes enacted by the Balanced Budget Act of 1997 against the 
 payments due under the tobacco industry settlement agreement of June 
                               20, 1997.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF PROVISION CREDITING TOBACCO EXCISE TAX INCREASES 
              AGAINST PAYMENTS DUE UNDER TOBACCO INDUSTRY SETTLEMENT 
              AGREEMENT OF JUNE 20, 1997.

    Section 9302 of the Balanced Budget Act of 1997 is amended by 
striking subsection (k) (relating to coordination with tobacco industry 
settlement agreement).
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