MS HB996

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

Imposes a 25% excise tax on vapor products based on manufacturer's list price, in addition to existing taxes on cigarettes (3.4 cents each), cigars and other tobacco (15%), and heated tobacco products (1.25 cents per unit).

Directs 50% of vapor product tax revenue to the "Mississippi Community Mental Health Centers Patient Housing Fund" for grants to community mental health centers to increase patient housing.

Directs remaining 50% of vapor product tax revenue to the "Department of Mental Health 9-8-8 Crisis Response System Fund" for operating the state's 9-8-8 suicide and crisis lifeline.

Takes effect July 1, 2025, and allows unexpended funds in both new special funds to carry over annually without lapsing to the general fund.