NJ A2298

Caps the tobacco and vapor products tax on cigars at $0.50 per cigar, while maintaining the existing 30% wholesale price tax rate for amounts below the cap

Adds a formal definition of "cigar" to the tax code as any roll of tobacco wrapped in leaf tobacco or tobacco-containing material, offered without a mouthpiece, tip, or filter

Applies the $0.50 cap across all tax categories including wholesale sales tax, distributor/wholesaler compensating use tax, and retail dealer/consumer compensating use tax

Clarifies tax payment responsibilities for tobacco product wholesalers and distributors when distributors fail to remit required taxes

Takes effect on the first day of the second month after enactment, applying to cigar sales, use, or distribution on or after that date