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IN SB0384
Bill
Status
1/12/2015
Primary Sponsor
Brandt Hershman
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AI Summary
SB 384 Summary
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Imposes a tax on vapor products (electronic cigarettes) at a rate of $0.0083 per milligram of nicotine per milliliter of consumable material.
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Distributors are liable for the tax when they bring vapor products into Indiana, manufacture them in Indiana, or transport them to retail dealers for resale.
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Requires all invoices for vapor products to include the actual weight in milligrams of nicotine per milliliter and the actual fluid volume in milliliters of consumable material.
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Requires wholesalers, retailers, distributors, jobbers, and subjobbers to retain copies of all vapor product invoices for three years for department examination.
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All revenue from the electronic cigarette tax shall be deposited into the state general fund.
Legislative Description
Taxation of electronic cigarettes. Imposes a tax on electronic cigarettes at a rate of $0.0083 per milligram of nicotine per one milliliter of consumable product. Deposits the revenue from the tax in the state general fund.
Last Action
First Reading: referred to Committee on Tax & Fiscal Policy
1/12/2015