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NC S407

Bill

Official Source

Status

Introduced

3/24/2015

Primary Sponsor

Benjamin Clark

Click for details

Origin

Senate

2015-2016 Session

AI Summary

Senate Bill 407 Summary

  • Changes the excise tax on vapor products from a flat rate of 5 cents per fluid milliliter to 3 cents multiplied by the nicotine concentration percentage and volume in milliliters, rounded down to the nearest whole cent.

  • Requires invoices for vapor products from manufacturers to state the nicotine content in milligrams, the volume in milliliters, and the percent nicotine concentration.

  • Becomes effective July 1, 2015.

Legislative Description

Modify Tax on Vapor Products and Use of Tax

Last Action

Ref To Com On Rules and Operations of the Senate

3/25/2015

Committee Referrals

Rules and Operations of the Senate3/25/2015

Full Bill Text

No bill text available