HB2504 Summary

• Expands the cigarette excise tax imposed on wholesalers and dealers to include electronic smoking devices and e-liquids, effective July 1, 2024, at a rate of 16.00 cents per item.

• Allocates tax revenues from cigarettes, electronic smoking devices, and e-liquids as follows: 2.0 cents to Hawaii Cancer Research Special Fund; 1.125 cents (capped at $7.4 million annually) to trauma system; 1.25 cents (capped at $8.8 million annually) each to community health centers and emergency medical services; and 1.0 cent (capped at $500,000 annually) to new Tobacco Enforcement Special Fund.

• Clarifies that Hawaii Cancer Research Special Fund revenues shall not be used for early clinical trials.

• Bill becomes effective December 31, 2050.