CT HB05464

Repeals and replaces Section 12-330c of the general statutes regarding tobacco product taxation, effective October 1, 2020.

Imposes a 50% tax on the wholesale sales price of untaxed tobacco products held in Connecticut, with specific exceptions: cigars taxed at a maximum of 50 cents per cigar, and snuff taxed at $3 per ounce.

Exempts tobacco products owned by a distributor that are located in Connecticut warehouses or fulfillment service premises and exported from the state from the tobacco tax.

Requires the tax to be imposed on products shipped, delivered, or transferred to Connecticut addresses on the date of transfer, with reporting to the commissioner.

Reduces the tax by 50% for any product the U.S. Department of Health and Human Services determines to be a modified risk tobacco product under 21 USC 387k.