Bill

Bill > S1775


NJ S1775

Limits "tobacco and vapor products tax" on cigars to up to $0.50 per cigar.


summary

Introduced
02/28/2022
In Committee
02/28/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Limits "tobacco and vapor products tax" on cigars to up to $0.50 per cigar.

AI Summary

This bill limits the "tobacco and vapor products tax" on cigars to up to $0.50 per cigar. It amends the existing law to specify that the 30 percent tax on the wholesale price of tobacco products does not apply to cigars, which will instead be subject to a maximum tax of $0.50 per cigar. The bill also clarifies the provisions related to the compensating use tax that retail dealers or consumers must pay if the distributor or wholesaler fails to pay the applicable tax.

Committee Categories

Health and Social Services

Sponsors (3)

Last Action

Introduced in the Senate, Referred to Senate Health, Human Services and Senior Citizens Committee (on 02/28/2022)

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