HI HB145

Expands the definition of "tobacco products" to include any product containing nicotine (whether or not it contains tobacco) and products derived from tobacco, such as electronic smoking devices, snus, and chewing tobacco.

Excludes from the definition drugs, devices, or combination products approved by the U.S. Food and Drug Administration.

Imposes a new excise tax on tobacco products (other than large cigars) equal to an unspecified percentage of wholesale price, effective January 1, 2016, with revenues deposited to the Hawaii cancer research special fund.

Modifies the excise tax on large cigars beginning January 1, 2016 to equal the lesser of an unspecified per-cigar amount or an unspecified percentage of wholesale price.

Effective date of July 1, 2050.