New Jersey S4012 modifies the tax rate on certain tobacco and nicotine products.

New Jersey S4012 modifies the tax rate on certain tobacco and nicotine products. The bill increases the tax rate imposed on tobacco products subject to the tobacco products wholesale tax to 50 percent of the product’s wholesale price. It also increases the tax rate on moist snuff to $1.50 per ounce. Distributors, wholesalers, and retail suppliers in the State must submit inventory reports to the State on or before the first day of the second month after enactment.

New Jersey S4012 modifies the tax rate on certain tobacco and nicotine products.

New Jersey S4012 modifies the tax rate on certain tobacco and nicotine products. The bill increases the tax rate imposed on tobacco products subject to the tobacco products wholesale tax to 50 percent of the product’s wholesale price. It also increases the tax rate on moist snuff to $1.50 per ounce. Distributors, wholesalers, and retail suppliers in the State must submit inventory reports to the State on or before the first day of the second month after enactment.