HI HB476

Imposes an excise tax equal to 50% of the otherwise applicable tax under section 245-3 on wholesalers for each modified risk tobacco product sold, used, or possessed in Hawaii.

Defines "modified risk tobacco product" as any product for which a modified risk tobacco product order has been issued by the Secretary of the U.S. Department of Health and Human Services pursuant to 21 U.S.C. § 387k(g).

Adds definitions for "e-liquid" (liquid designed for use in electronic smoking devices, excluding prescription drugs and medical cannabis) and "smoke" or "smoking" (including use of electronic smoking devices that create aerosol or vapor).

Expands the definition of "tobacco products" to include e-liquid and electronic smoking devices, as well as component parts and related products.

Repeals section 245-31 requiring monthly reports on cigarette distributions and tobacco product purchases; effective July 1, 2060.