CIGARETTE TAX ACT-REVISIONS

Amends the Cigarette Tax Act. Provides for the licensing under the Act of manufacturers, importers, and retailers in addition to distributors. Provides that the tax is imposed on the sale or consumption of cigarettes (now, imposed on persons engaged in business as retailers of cigarettes). Includes in this Act the transactions currently covered under the Cigarette Use Tax Act and repeals that Act. Changes the reporting and record keeping requirements. Adds provisions governing delivery sales of cigarettes. Adds provisions concerning compliance with the Tobacco Products Manufacturers' Escrow Act. Makes other changes. Effective 90 days after becoming law.