Reduces the cigarette tax by 75% for modified risk tobacco products.

Rhode Island S2360 amends the state's tax laws to reduce the cigarette tax by 75% for any modified risk tobacco product. These products are defined as those sold or distributed to reduce the harm or risk of tobacco-related disease associated with commercially marketed tobacco products. The tax reduction applies to cigarettes sold or held for sale in the state, with the tax payment evidenced by stamps affixed by licensed distributors. This act takes effect upon passage.

Reduces the cigarette tax by 75% for modified risk tobacco products.

Rhode Island S2360 amends the state's tax laws to reduce the cigarette tax by 75% for any modified risk tobacco product. These products are defined as those sold or distributed to reduce the harm or risk of tobacco-related disease associated with commercially marketed tobacco products. The tax reduction applies to cigarettes sold or held for sale in the state, with the tax payment evidenced by stamps affixed by licensed distributors. This act takes effect upon passage.