Bill > S1848

This bill aims to protect youth from nicotine addiction by increasing the excise tax on cigarettes and other tobacco products. Specifically, it amends the existing law to impose an excise tax of 200.5 mills (or 20.05 cents) per cigarette, plus any amount by which the federal excise tax on cigarettes is less than 8 mills (0.8 cents). It also imposes an 80% excise tax on the wholesale price of cigars and smoking tobacco. Additionally, the bill requires manufacturers, wholesalers, retailers, and others to pay an additional 50 mills (5 cents) per cigarette on existing inventory and unused stamps. The revenue from these taxes is intended to fund efforts to address youth nicotine addiction.

Budget and Finance

https://malegislature.gov/Bills/193/S1848