GovTrack’s Bill Summary
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Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
2/25/1998--Introduced.
TABLE OF CONTENTS:
Title
I
-
Federal Tobacco Price Support Program Title II: Tobacco Community Revitalization Trust Fund Title III: Industry Payments for Department Tobacco Costs Title IV: Permanent Sale, Retirement, and Distribution of Tobacco Quota Title V: Agricultural Market Transition Assistance Title VI: Community, Farmer, and Worker Transition Assistance Title VII: Tax Treatment for Payments for Lost Tobacco Quota Title VIII: Immunity Tobacco Community Economic Stabilization and Support Act
Title
I
-
Federal Tobacco Price Support Program
Amends the Agricultural Adjustment Act of 1938 with respect to cigarette manufacturer tobacco purchase submissions to require minimum purchase intentions for Flue-cured and Burley tobacco to be at 1997 levels (including levels fixed by the Secretary of Agriculture in cases of manufacturer nonsubmission).
Section
102
-
Revises related penalty provisions. Provides for deposit of penalty payments in the Tobacco Community Revitalization Trust Fund (established by this Act).
Section
103
-
Prohibits the United States Trade Representative, and the Secretaries of Commerce and Agriculture from advocating lower foreign trade barriers or increased market access for tobacco products containing less than 75 percent U.S. domestic content.
Section
104
-
Requires the Secretary of Agriculture to conduct a State referendum on the lease and transfer of tobacco quota if more than five percent of such State's producers so petition.
Section
105
-
Amends the Agricultural Act of 1949 to eliminate the tobacco marketing assessment. Makes a conforming amendment to the Uruguay Round Agreements Act.
Title
II
-
Tobacco Community Revitalization Trust Fund
Establishes in the Treasury the Tobacco Community Revitalization Trust Fund (Fund), to be administered by the Secretary. Provides for manufacturer and importer assessments.
Title
III
-
Industry Payments for Department Tobacco Costs
Directs the Secretary to use Fund amounts to reimburse the Department for tobacco production and regulation costs.
Section
302
-
Amends the Agricultural Act of 1949 to revise No Net Cost Tobacco Fund and Account provisions.
Title
IV
-
Permanent Sale, Retirement, and Distribution of Tobacco Quota
Makes specified amounts from the Fund available each fiscal year for voluntary tobacco quota retirement contracts. Directs the Secretary to enter into such contracts. Sets forth contract and within-county redistribution provisions.
Title
V
-
Agricultural Market Transition Assistance
Directs the Secretary to make payments for lost tobacco quota (based on 1995 through 1997 marketing years) to eligible quota holders, lessees, tenants, and tobacco warehousemen. Sets forth provisions regarding: (1) quota determination and payment; (2) effect of quota or ownership changes; (3) payment acceleration and source; and (4) cost-of-living adjustment.
Title
VI
-
Community, Farmer, and Worker Transition Assistance
Directs the Secretary to make grants to States for economic development assistance to tobacco-growing communities, including: (1) rural business development; (2) down payment loan assistance; (3) farm and off-farm employment; (4) infrastructure, facilities, and services expansion; (5) alternative crop development; and (6) technical assistance.
Section
602
-
Provides for: (1) a tobacco worker transition program; (2) farmer education opportunity grants; and (3) research grants for alternative uses of tobacco production and processing equipment.
Title
VII
-
Tax Treatment for Payments for Lost Tobacco Quota
Amends the Internal Revenue Code to exclude lost tobacco quota payments from gross income. Reduces farm property basis by amounts so excluded.
Title
VIII
-
Immunity
Grants tobacco producers, growers associations, or warehouse owners and employees immunity from any action resulting from a tobacco product manufacturer's, distributor's, or retailer's noncompliance with national tobacco settlement legislation.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
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