Bill > S1606

This bill aims to protect youth from nicotine addiction by imposing an excise tax on electronic smoking devices and tobacco products. The key provisions include: - Increasing the excise tax on cigarettes to 200.5 mills plus any amount the federal excise tax is less than 8 mills per cigarette. - Imposing an 80% excise tax on the wholesale price of cigars and smoking tobacco. - Requiring manufacturers, wholesalers, and retailers to pay an additional 50 mills per cigarette on existing inventories. - Defining "electronic smoking devices" and "tobacco products" and imposing a 75% excise tax on the wholesale price of these products. - Requiring electronic smoking device and tobacco product distributors and retailers to be licensed and comply with various reporting and payment requirements. - Establishing civil penalties for selling or possessing untaxed electronic smoking devices or tobacco products. The bill also makes related changes to existing tax laws to accommodate the new excise taxes and licensing requirements.

Budget and Finance

https://malegislature.gov/Bills/191/S1606