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Directs the Secretary to establish a tobacco equity reduction program for quota owners and growers of Flue-cured and Burley quota tobacco. Limits payments for owners who are not growers.
Terminates marketing quotas for Flue-cured and Burley tobacco.
Revises provisions regarding: (1) lease and transfer of acreage allotments; and (2) national marketing quota deadlines and apportionment; (3) poundage quotas; (4) purchase intention deadlines for cigarette manufacturers; (5) production and marketing information; (6) quota adjustments; (7) eminent domain; and (8) reconstitution of farms.
Repeals provisions providing for mandatory sale of Burley and Flue-cured tobacco acreage allotments and marketing quotas.
Prohibits Federal promotion of manufactured tobacco products.
Amends the Agricultural Act of 1949 to revise tobacco price support provisions regarding: (1) price support availability; (2) support levels; (3) no net cost tobacco fund contributions and assessments; and (4) marketing assessments.
Amends the Tobacco Inspection Act to apply the provisions of such Act to nonauction tobacco sales.
Amends the Tobacco Adjustment Act of 1983 regarding tobacco inspections.
Establishes: (1) the nonprofit Center for Tobacco-Dependent Communities which shall provide economic and community assistance to communities in transition from tobacco-based economies; and (2) the Tobacco Grower Advisory Board within the Department of Agriculture which shall advise Federal agencies on the technical and economic feasibility of tobacco-related actions.
Directs the President to establish the Interagency Task Force on Tobacco-Dependent Communities which shall: (1) identify Federal economic and business development grants and loans to assist communities in transition from tobacco-based economies; and (2) be coordinated by the Department's Under Secretary for Rural Development.
Provides for reports on: (1) marketing incentives; (2) stabilization of tobacco production opportunities; and (3) investment and taxation issues.
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