HI SB2101

Amends Hawaii Revised Statutes Section 245-3(a) to modify the excise tax structure on large cigars, effective July 1, 2050.

Adds a new subsection (14) establishing a new excise tax on large cigars equal to the lesser of: a specific cent amount per cigar or a percentage of the wholesale price.

Applies the new large cigar excise tax rate to cigars sold, used, or possessed by wholesalers or dealers on and after July 1, 2020.

Maintains existing excise tax rates on cigarettes (5-13 cents per cigarette depending on effective date), little cigars (11 cents), and other tobacco products (70% of wholesale price).

Preserves the refund or credit provision for taxes paid on cigarettes, little cigars, or tobacco products that become subject to casualty loss deductions.