MS HB990

Adds vapor products to Mississippi's tobacco tax law and defines them as electronic devices or products that deliver aerosolized or vaporized substances, including e-cigarettes, vape pens, and related components and liquids, excluding FDA-regulated drugs and devices.

Imposes a 25% excise tax on vapor products based on manufacturer's list price, in addition to existing 3.4 cents per cigarette and 15% taxes on other tobacco products.

Directs 50% of vapor product tax revenue to the Mississippi Community Mental Health Centers Patient Housing Fund for grants to increase patient housing and 50% to the Department of Mental Health 9-8-8 Crisis Response System Fund for operating the crisis hotline.

Creates both special funds in the State Treasury to receive and maintain vapor product tax revenue separately from the General Fund, with unexpended amounts not lapsing at fiscal year end.

Effective date: July 1, 2024.