Tobacco Deregulation Act of 1981

Tobacco Deregulation Act of 1981 - Title I: Repeal of Programs Concerning Price Support For and the Marketing of Tobacco - Amends the Agricultural Act of 1949 and the Agricultural Adjustment Act of 1938 to repeal specified programs concerning tobacco, including: (1) price supports; (2) parity payments; (3) review and adjustment of quotas; and (4) marketing quotas.

Amends the Agricultural Trade Development and Assistance Act of 1954 and the Commodity Credit Corporation Charter Act to prohibit agricultural commodity assistance for tobacco.

Amends the Agricultural Adjustment Act to prohibit the Secretary of Agriculture from issuing any orders that regulate the handling of tobacco.

Makes such provisions applicable to the 1982 and subsequent crops of tobacco.

Title II: Withdrawal of Consent Relating to Compacts Among States for Regulating Tobacco Production and Commerce - Repeals provisions relating to compacts among States providing for the control or production of, or commerce in, tobacco within such States. Withdraws congressional consent of such compacts.

Title III: Tobacco Inspection and Related Services - Amends the Tobacco Inspection Act to direct the Secretary of Agriculture to collect fees from specified persons for the inspection, certification, and other services concerning tobacco at designated auction markets. Requires that such fees cover the cost of such services.

Makes such provisions effective July 1, 1981.

Title IV: Warehouse Examination, Inspection, and Licensing - Amends the United States Warehouse Act to direct the Secretary to collect a fee for examinations and inspections of agricultural product warehouses that covers the costs of providing such services.

Authorizes appropriations.

Makes the above provisions effective October 1, 1982.

Title V: Increased Tax on Cigars and Cigarettes - Amends the Internal Revenue Code to increase the excise tax on cigars and cigarettes.