Search results
18 paź 2024 · The Tobacco Tax Equity Act would establish a federal e-cigarette tax, increase the federal tax on traditional cigarettes to that same rate as e-cigarettes, and then peg both levels to inflation after that. The House version was introduced on April 22 as H.R. 2786, by Rep. Raja Krishnamoorthi (D-IL8).
31 sie 2021 · The increase would result in substantial increases on chewing tobacco (2,034 percent), pipe tobacco (1,651 percent), and snuff (over 1,677 percent). Vapor products, which are not currently taxed at the federal level, would also be taxed at the level of cigarettes.
Key Findings. The Tobacco Tax Equity Act would double taxes on cigarettes and equalize rates on all other tobacco and nicotine products to match the new higher cigarette rate. The increase would result in substantial increases on chewing tobacco (2,034 percent), pipe tobacco (1,651 percent), and snuff (over 1,677 percent).
18 paź 2024 · Overview. Summary. Cosponsors. Details. Text. Study Guide. About the bill. Is the plan doomed to go up in smoke? Context. E-cigarettes, also known as vaping, have become far more popular in recent years. The product now exceeds traditional cigarette usage among people under 30.
6 lip 2021 · S. 411 – MOMMA’s Act, sponsored by Sen. Dick Durbin (D-IL) Raises federal excise taxes on all tobacco products and establishes an excise tax for e-cigarettes. S. 411 is a larger bill pertaining to maternal health that includes Sen. Durbin’s bill S. 1314, the Tobacco Tax Equity Act of 2021
Taxation estimates that the proposed tobacco tax increases would raise $96.8 billion from FY2022 to FY2031. Economic research suggests that a tobacco tax increase is an effective way to decrease consumption of tobacco products. At the same time, a tobacco tax increase would most likely be regressive, meaning that people with lower
17 maj 2021 · On April 22, Senator Dick Durbin and others introduced the Tobacco Tax Equity Act of 2021 (S. 1314). The bill would establish a federal excise tax for electronic nicotine delivery systems (“ENDS”) and all other tobacco products that are not currently subject to federal tobacco products excise taxes. The bill would also double the tax rates ...
