This bill modifies provisions related to nicotine product taxes.
This bill:
- defines terms;
- increases the rates of the taxes levied on cigarettes, electronic cigarettes, and nontherapeutic nicotine devices;
- replaces the weight-based tax rate for alternative nicotine products with:
a per product tax rate, for alternative nicotine products that contain pouches; ora tax rate based on a percentage of the manufacturer's sales price, for alternative nicotine products that do not contain pouches;
- imposes a transitional inventory tax on cigarettes subject to the tax increase described in this bill;
- requires the Division of Finance to transfer the additional revenue generated by the tax increases described in this bill for electronic cigarettes, nontherapeutic nicotine devices, and alternative nicotine products to the General Fund; and
- makes technical changes.Statutes affected:
Introduced: 59-14-204, 59-14-302, 59-14-804
Substitute #1: 59-14-204, 59-14-302, 59-14-804, 59-14-807
Substitute #2: 59-14-204, 59-14-302, 59-14-804, 59-14-807
Substitute #3: 59-14-204, 59-14-302, 59-14-804
Substitute #4: 59-14-204, 59-14-302, 59-14-804
Substitute #5: 59-14-102, 59-14-204, 59-14-215, 59-14-302, 59-14-804
Substitute #6: 59-14-102, 59-14-204, 59-14-215, 59-14-804
Enrolled: 59-14-102, 59-14-204, 59-14-215, 59-14-804, 59-14-807
Substitute #7: 59-14-102, 59-14-204, 59-14-215, 59-14-804, 59-14-807