We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 10, 1974.
Increases the excise tax on small cigarettes, weighing 3 pounds per thousand, to $4 per thousand plus an additional $1 per thousand, and on large cigarettes, weighing more than 3 pounds per thousand, to $8.40 per thousand plus an additional $2.10 per thousand. (Amends 26 U.S.C. 5701 (b))