Bill > HB124

This bill amends the Tobacco Products Tax Act in New Mexico. It modifies the definition of "e-cigarette" and "tobacco product" to include a broader range of nicotine-containing products, including e-liquids and closed system cartridges. The bill also increases the tax rate on tobacco products from 25% to 31% of the wholesale price, and sets a specific tax rate for little cigars equal to the rate on cigarettes. The effective date of these changes is July 1, 2023.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=124&year=23