House Bill No. by Representative Wright seeks to amend Louisiana's tobacco tax laws by maintaining the current excise tax of $1.08 per pack of 20 cigarettes while introducing a reduced tax rate for certain modified risk tobacco products. The bill establishes a 60% tax reduction for products that receive a risk modification order from the U.S. Food and Drug Administration and a 25% reduction for those with an exposure modification order. It also clarifies definitions related to tobacco products and updates the role of the Department of Revenue's secretary as the tax collector.

Additionally, the bill retains existing definitions for the imposition and administration of the state excise tax while introducing new definitions for "invoice price" and "manufacturer's net invoiced price" to aid in tax calculations. The definition of "cigarette" is expanded to include rolls for heating made wholly or partially of tobacco. These changes will take effect for taxable periods beginning on or after July 1, 2025, and will become effective upon the governor's signature or after the expiration of the time for bills to become law without signature.

Statutes affected:
HB668 Original: 47:841(B)