WV HB2762

Creates a new definition for "heated tobacco product" as any product containing tobacco that produces an inhalable aerosol by heating tobacco through a device without combustion, or by heat from a combustion source that primarily heats rather than burns the tobacco

Imposes an excise tax of 60 cents per 20 heated tobacco product units (or proportional amount) effective July 1, 2025, compared to $1.20 per 20 traditional cigarettes for smoking

Excludes heated tobacco products from the 12% wholesale price tax applied to "other tobacco products" like snuff, chewing tobacco, and cigars

Clarifies that e-cigarettes and e-cigarette liquids (taxed at 7.5 cents per milliliter) do not include heated tobacco products, which will be taxed separately under the cigarette category

Updates enforcement provisions with gender-neutral language for Tax Commissioner employees' bonds and law enforcement assistance requirements