Bill > SB197

This bill increases the cigarette tax rate from $0.10 to $0.20 per cigarette sold, given, or consumed in New Mexico. It also increases the tax rate on other tobacco products, such as cigars, little cigars, e-liquid, and closed system cartridges. The bill modifies the distribution of the cigarette tax revenue, reducing the share going to the comprehensive cancer center at the University of New Mexico Health Sciences Center and increasing the share going to the New Mexico Finance Authority for various purposes, including land acquisition and the planning, designing, construction, and equipping of Department of Health facilities. The bill also changes the discount rates for the sale of tax stamps to cigarette distributors. The effective date of the provisions in this bill is July 1, 2021.

Budget and Finance

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=197&year=21