S.B. 250 Summary

• Increases the excise tax rate on tobacco products from 17% to 55% of the wholesale price under sections 5743.51, 5743.62, and 5743.63 of the Revised Code.

• Expands the definition of "tobacco product" to include products that can be "smoked, chewed, or dissolved orally," thereby adding dissolvable tobacco products to the tax base.

• Applies the 55% excise tax rate to distributors who bring tobacco products into Ohio for distribution, sellers delivering tobacco products to Ohio consumers, and persons storing, using, or consuming untaxed tobacco products in the state.

• Maintains existing tax collection and remittance procedures through the tax commissioner and state treasurer, with all revenue credited to the general revenue fund.