Taxation – Tobacco Tax, Sales and Use Tax, and Digital Advertising Gross Revenues Tax
What this bill does
Altering the definition of 'other tobacco products' to include certain consumable products and the components or parts of those products and to exclude certain other products; altering the sales and use tax rate imposed on sales of certain electronic smoking devices and vaping liquid; altering the tobacco tax rate for certain cigarettes and other tobacco products; imposing a tax on annual gross revenues derived from digital advertising services, including advertisement services on a digital interface in the State; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.