NC H886

Increases excise tax on tobacco products (other than cigarettes) from 12.8% to 15% of cost price, effective July 1, 2017.

Increases excise tax on vapor products from 5 cents to 7 cents per fluid milliliter of consumable product, effective July 1, 2017.

Increases excise tax on cigarettes from 2.25 cents to 3 cents per individual cigarette, effective July 1, 2017.

Increases excise tax on beer from 61.71 cents to 70 cents per gallon, effective July 1, 2017.

Directs revenue from tax increases (above the original rates) to the Division of Mental Health, Developmental Disabilities, and Substance Abuse Services for substance use programs and services, while maintaining original tax amounts in the General Fund; increases sunset on July 1, 2019.