NJ S3554

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

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

Applies the $0.50 per cigar cap to all three tax categories: wholesale sales tax, distributor/wholesaler compensating use tax, and retail dealer/consumer compensating use tax

Takes effect on the first day of the second month after enactment

Aligns New Jersey with 10 other states that have adopted per-cigar tax caps, aimed at making in-state cigar retailers more competitive with out-of-state and online sellers