Bill > SB712

This bill expands the authority of local governments in Virginia to impose taxes on nicotine vapor products, which are defined as products that contain nicotine and are intended for inhalation, similar to e-cigarettes. Currently, localities can tax cigarettes, and this bill allows them to also tax nicotine vapor products at a rate not exceeding 10 percent of the wholesale price or eleven cents per milliliter. The bill also clarifies that regional cigarette tax boards, which administer cigarette taxes for multiple localities, can now also administer and enforce these new nicotine vapor product taxes. Furthermore, it allows for local ordinances to establish registration requirements for businesses selling nicotine vapor products and to set penalties for late payments or tax evasion, mirroring existing provisions for cigarette taxes. This aims to provide local governments with more consistent tools to regulate and tax these products.

Budget and Finance

https://lis.virginia.gov/bill-details/20261/SB712