NE LB125

Defines "nicotine analogue" as substances with chemical structures or central nervous system effects substantially similar to nicotine, and expands existing definitions of electronic nicotine delivery systems and alternative nicotine products to include these analogues

Imposes a 20% tax on alternative nicotine products based on either the purchase price paid by the first owner or the sale price from the manufacturer

Adds alternative nicotine products to the definition of "tobacco products" under the Tobacco Products Tax Act, subjecting them to the same regulatory and licensing requirements

Maintains existing tax rates for other products: 44 cents per ounce for snuff, 5 cents per milliliter for e-cigarettes with 3ml or less of consumable material, and 10% for larger e-cigarette systems

Becomes operative on January 1, 2026