Increases tax on tobacco products and vapor products in New York.

This bill increases the tax on the sale of certain tobacco products from 75% to 129% and the tax on the retail sale of vapor products from 20% to 48%. It also makes conforming changes to the tax law. The tax applies to all tobacco products possessed in the state for sale, except those sold under certain circumstances. The tax on tobacco products other than snuff and little cigars is 129% of the wholesale price, while the tax on snuff is $2 per ounce and on little cigars is 26.75 cents. The tax on vapor products is imposed on the purchaser and collected by the dealer.

Increases tax on tobacco products and vapor products in New York.

This bill increases the tax on the sale of certain tobacco products from 75% to 129% and the tax on the retail sale of vapor products from 20% to 48%. It also makes conforming changes to the tax law. The tax applies to all tobacco products possessed in the state for sale, except those sold under certain circumstances. The tax on tobacco products other than snuff and little cigars is 129% of the wholesale price, while the tax on snuff is $2 per ounce and on little cigars is 26.75 cents. The tax on vapor products is imposed on the purchaser and collected by the dealer.