Hawaii HB1426 amends the excise tax rates on cigarettes, little cigars, and premium cigars, and introduces a tax on electronic smoking devices and.

Hawaii HB1426 modifies the excise tax rates for various tobacco products. It sets a progressive tax rate for cigarettes, increasing from 5.00 cents to 16.00 cents per cigarette over several years. The bill also introduces a tax on premium cigars at 50 cents per cigar, distinguishing them from large cigars and excluding them from the percentage excise tax. Additionally, it imposes a tax on electronic smoking devices and e-liquids, effective from January 1, 2024. The bill aims to address competitive disadvantages faced by local premium cigar sellers and to generate additional tax revenue.

Hawaii HB1426 amends the excise tax rates on cigarettes, little cigars, and premium cigars, and introduces a tax on electronic smoking devices and.

Hawaii HB1426 modifies the excise tax rates for various tobacco products. It sets a progressive tax rate for cigarettes, increasing from 5.00 cents to 16.00 cents per cigarette over several years. The bill also introduces a tax on premium cigars at 50 cents per cigar, distinguishing them from large cigars and excluding them from the percentage excise tax. Additionally, it imposes a tax on electronic smoking devices and e-liquids, effective from January 1, 2024. The bill aims to address competitive disadvantages faced by local premium cigar sellers and to generate additional tax revenue.