summary
Introduced
01/25/2021
01/25/2021
In Committee
02/09/2021
02/09/2021
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; INCREASING THE RATE OF THE CIGARETTE TAX; INCREASING THE RATE OF TAX ON TOBACCO PRODUCTS.
AI Summary
This bill increases the rate of the cigarette tax from $0.10 to $0.20 per cigarette. It also increases the tax rate on tobacco products, other than cigars and little cigars, from 25% to 83% of the product value. The bill also adjusts the tax rates for cigars, little cigars, e-liquid, and closed system cartridges. The effective date of these provisions is July 1, 2021.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (5)
Last Action
House Taxation and Revenue Committee (09:00 2/22/2021 Room Zoom) (on 02/22/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=167&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/house/HB0167.pdf |
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