South Carolina H4303 amends tobacco tax rates, imposing a tax on cigarettes for heating.

South Carolina H4303 amends the tax rates on tobacco products, specifically introducing a tax on cigarettes for heating. The bill sets a tax of one and one-quarter mills on each cigarette for heating, while maintaining a higher tax rate of three and one-quarter mills on cigarettes for smoking. The tax applies to all cigarettes made of tobacco or any substitute for tobacco, regardless of packaging or labeling. The changes take effect on October 1, 2025.

South Carolina H4303 amends tobacco tax rates, imposing a tax on cigarettes for heating.

South Carolina H4303 amends the tax rates on tobacco products, specifically introducing a tax on cigarettes for heating. The bill sets a tax of one and one-quarter mills on each cigarette for heating, while maintaining a higher tax rate of three and one-quarter mills on cigarettes for smoking. The tax applies to all cigarettes made of tobacco or any substitute for tobacco, regardless of packaging or labeling. The changes take effect on October 1, 2025.