NJ S4661

Increases the tax on liquid nicotine from $0.10 to $0.30 per fluid milliliter, tripling the current rate

Raises the tax on container e-liquid from 10% to 30% of the listed retail sale price

Requires distributors, wholesalers, and retail dealers to file returns with the Director of the Division of Taxation by the first day of the second month after the effective date, reporting inventory and paying the additional tax owed

Takes effect on August 1, 2025

Implements a recommendation from Governor Murphy's Fiscal Year 2026 Budget