AR HB1787

Creates a 30% excise tax on e-liquid products and vapor products sold in Arkansas under the new "E-Cigarette Excise Tax Act"

Imposes the excise tax on vapor products only when sold as part of a bundled transaction with an e-liquid product, where products are distinct and sold for one nonitemized price

Requires the excise tax to be imposed, reported, and administered in the same manner as existing tobacco product taxes under the Arkansas Tobacco Products Tax Act of 1977

Allows county, municipal, and local regulations of tobacco products that are more restrictive than state law and that existed as of the effective date to remain in effect without state preemption

Applies the excise tax to inventory and stocks of e-liquid and vapor products purchased by wholesalers or retailers on or after the subchapter's effective date, with implementation effective the first day of the second calendar month following enactment