The bill proposes to raise the tax rates on specific tobacco products and vapor products significantly. It suggests increasing the tax on certain tobacco products from 75% to 129% and on retail sales of vapor products from 20% to 48%. The bill also includes adjustments to ensure consistency with these tax rate changes. If enacted, this bill would lead to higher taxes on these products, potentially impacting consumers, businesses in the industry, and public health initiatives related to tobacco and vapor product use.
2023-01-04: referred to ways and means
2024-01-03: referred to ways and means
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