MS HB349

Amends Mississippi Code Section 27-69-3 to expand the definition of "tobacco" to include alternative nicotine products and electronic cigarettes as defined in Section 97-32-51.

Imposes an excise tax of 68 cents per milliliter of consumable nicotine liquid solution or other nicotine-containing material on alternative nicotine products and electronic cigarettes under Section 27-69-13.

Requires excise tax on alternative nicotine products and electronic cigarettes to be computed on total volume of inventory purchases made during the taxable period, due by the 15th day of the following month, reported on commissioner-prescribed forms.

Maintains existing excise tax rates: 3.4 cents per cigarette (max 120 millimeters) and 15% of manufacturer's list price for other tobacco products.

Takes effect July 1, 2016.