MI SB1018

Beginning January 1, 2015, smokeless tobacco is expanded to include vapor products and alternative nicotine products, which become subject to excise taxes.

Vapor products taxed at 15 cents per 1.5 milliliters, alternative nicotine products taxed at 15 cents per 500 milligrams, and moist snuff taxed at 53 cents per ounce, each with proportionate rates for fractions.

Adds definitions for "alternative nicotine product" (noncombustible nicotine product consumed by chewing, absorption, or ingestion) and "vapor product" (electronic devices producing nicotine vapor), excluding FDA-regulated drugs and devices.

Tax revenues from moist snuff, vapor products, and alternative nicotine products effective January 1, 2015 are distributed 75% to medicaid benefits trust fund and 25% to general fund.

Requires records detailing consumable materials (in milliliters) included in transactions for vapor and alternative nicotine products beginning January 1, 2015.