Bill > H7804

This bill proposes to reduce the cigarette tax by seventy-five percent (75%) for any product that the Secretary of the United States Department of Health and Human Services has determined to be a "modified risk tobacco product," which is defined as a tobacco product sold or distributed with the aim of reducing the harm or risk of tobacco-related diseases associated with commercially marketed tobacco products, as outlined in the federal Food, Drug, and Cosmetic Act. This reduction would apply to the existing tax imposed on cigarettes sold or held for sale in the state, and the bill would become effective immediately upon its passage.

Budget and Finance

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