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RI S2360

Bill

Status

Introduced

1/30/2026

Primary Sponsor

Louis Dipalma

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Reduces Rhode Island's cigarette tax by 75% for tobacco products designated as "modified risk tobacco products" by the U.S. Secretary of Health and Human Services under federal law (21 U.S.C. § 387k)

  • Modified risk tobacco products are defined as those sold or distributed to reduce harm or risk of tobacco-related disease compared to commercially marketed tobacco products

  • Current cigarette tax rate remains at 225 mills per cigarette for standard tobacco products

  • Requires federal FDA approval and designation as a modified risk product to qualify for the reduced tax rate

  • Takes effect immediately upon passage

Legislative Description

Reduces the cigarette tax imposed by 75% for any modified risk tobacco product as defined in § 21 U.S.C. 387 k as a tobacco product sold/distributed to reduce the harm/risk of tobacco-related disease associated with commercially marketed tobacco products.

Taxation

Last Action

Introduced, referred to Senate Finance

1/30/2026

Committee Referrals

Finance1/30/2026

Full Bill Text

No bill text available