The bill amends Section 44-20-12 of the General Laws in Chapter 44-20, which pertains to the taxation of cigarettes and other tobacco products. It imposes a tax on all cigarettes sold or held for sale in the state. The bill introduces a provision that reduces the tax by seventy-five percent (75%) for any product that the Secretary of the United States Department of Health and Human Services determines to be a modified risk tobacco product, as defined under the federal Food, Drug, and Cosmetic Act, 21 U.S.C. 387k.

For the purposes of this section, a "modified risk tobacco product" is defined as any tobacco product that is sold or distributed for use to reduce the harm or risk of tobacco-related disease associated with commercially marketed tobacco products. This act is set to take effect immediately upon passage.

Statutes affected:
2360: 44-20-12