CT HB05428

Repeals and replaces Section 12-330c of the general statutes effective July 1, 2018, establishing tobacco products tax rates and exemptions.

Imposes a tax on untaxed tobacco products held in the state at 50% of wholesale sales price, with a cap of 50 cents per cigar and snuff taxed at $3 per ounce.

Tax applies to distributors or unclassified importers at the time tobacco products are manufactured, purchased, imported, received, or acquired in the state.

Exempts tobacco products exported from the state and products not subject to taxation under federal law from the state tax.

Excludes distributors using fulfillment services centers from the tax on cigars exported from the state; reduces tax by 50% for products designated as modified risk tobacco products by the U.S. Secretary of Health and Human Services.