This bill proposes amendments to the Tobacco Products Excise Tax Act in West Virginia, specifically targeting sections 11-17-2, 11-17-3, and 11-17-7, while repealing sections 11-17-4a, 11-17-4b, and 11-17-9. Key changes include the introduction of a definition for "electronic smoking device," which encompasses various forms of devices used to deliver aerosolized or vaporized nicotine. The bill also aims to increase the excise tax rates on tobacco products, with the tax on cigarettes rising from $1.20 to $2.70 per 20 cigarettes, and the tax on other tobacco products increasing from 12% to 51% of the wholesale price. Additionally, it mandates that 10% of the revenue generated from these taxes be allocated to the West Virginia Division of Tobacco Prevention.

The bill eliminates discounts previously available on tax stamps, which were used to indicate the payment of tobacco taxes. It also modifies the language regarding the custody and sale of these stamps, ensuring they are sold at their full tax value without any discounts. The amendments are set to take effect on July 1, 2025, aligning with the new tax rates and the dedication of revenue to tobacco prevention efforts. Overall, the bill aims to enhance public health initiatives by increasing the financial burden on tobacco products and supporting prevention programs.

Statutes affected:
Introduced Version: 11-17-2, 11-17-3, 11-17-7, 11-17-4a, 11-17-4b, 11-17-9