SB673

Imposes a nicotine-based excise tax on e-cigarettes and dedicates revenues to the Public Employees Insurance Agency.

Imposes an excise tax on electronic cigarette products based on nicotine content, equivalent to the cigarette excise tax. The tax rate is three cents per milligram of nicotine, with a fallback valuation for unlabeled products. All net revenues from this tax will be deposited into a special fund for the Public Employees Insurance Agency, used to reduce or stabilize employee health insurance premium costs. The tax takes effect July 1, 2026.