Bill > S1314

This bill, the Tobacco Tax Equity Act of 2021, aims to provide tax rate parity among all tobacco products. It increases the excise tax rates on various tobacco products, including roll-your-own tobacco, pipe tobacco, smokeless tobacco, small cigars, and large cigars, to align them with the tax rate for cigarettes. The bill also defines "tobacco products" more broadly to include any product determined by the Food and Drug Administration to be a tobacco product, and establishes a tax rate for these other tobacco products based on an estimated per-use basis. Additionally, the bill imposes a floor stocks tax on tobacco products held for sale prior to any tax rate increase, and provides for inflation adjustments to the tax rates going forward.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/1314/all-info