HCR 2008 Summary

• Imposes a 43% excise tax on electronic smoking devices (e-cigarettes, vape pens, e-hookahs, and related components/liquids) and creates the Electronic Smoking Device Tax Fund to be administered by the Arizona Board of Regents.

• Dedicates revenues from the electronic smoking device tax to fund regents scholarships for high school graduates with A or B grades and to increase funding for Arizona universities by a minimum of 2% annually or the GDP price deflator, whichever is less.

• Exempts tampons, sanitary napkins, menstrual sponges, menstrual cups, and similar feminine hygiene products from transaction privilege tax (sales tax).

• Requires submission of the measure to Arizona voters at the next general election for approval.