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2017 SESSION

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HB 2056 Vapor products; imposition of state tax on products, including electronic cigarettes.

Introduced by: Kaye Kory | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Vapor product taxes. Imposes a state tax on vapor products, defined in the bill, including electronic cigarettes or similar products or devices and the consumable liquid, vapor cartridge, or other container of solution or other form that is intended to be used with or in an electronic cigarette, electronic cigar, electronic cigarillo, electronic pipe, or similar product or device. The bill authorizes cities and towns and certain counties to impose a tax on vapor products. The state tax rate is $0.05 per fluid milliliter of consumable vapor product and 10 percent of the retail price for electronic cigarettes or similar products or devices. The bill requires revenues from the state tax on vapor products to be deposited into the Virginia Tobacco Settlement Fund. The bill also requires that dealers and sellers of vapor products apply for distributor's licenses issued by the Virginia Department of Taxation. Cities and towns may impose the tax at a rate of a number of cents per fluid milliliter of the consumable vapor product or a percentage of the retail cost of the device. The bill authorizes Arlington and Fairfax Counties to impose a vapor product tax at a rate that does not exceed the state tax on vapor products created under the bill. Under current law, Arlington and Fairfax Counties may impose a tax on cigarettes at a rate that does not exceed the state cigarette tax. The bill has a delayed effective date of January 1, 2018.


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