Councilmember Tom Hucker yesterday introduced Bill 15-15 that would establish an excise tax on the distribution of electronic cigarette products. The bill has six co-sponsors, including me.
Under current state tax law, cigarettes are taxed at $2 per pack and other tobacco products are taxed at a rate of 30 percent of the wholesale price. Electronic cigarettes are not currently subject to state tobacco taxes. The proposed tax on the distribution of electronic cigarettes would be 30 percent of the wholesale price--mirroring the state tax on other tobacco products.
If you want to weigh in, you can testify at the public hearing at 7:30 on May 5. Call 240-777-7803 to sign up. You can also send your testimony to county.council@montgomerycountymd.gov.
Wednesday, April 15, 2015
Bill to Establish Excise Tax on Electronic Cigarettes
Posted by
Councilmember Nancy Floreen
Labels:
Nancy Floreen,
tax
Subscribe to:
Post Comments (Atom)
1 comment:
Post a Comment