The 2019 fiscal year closed on June 30 without an approved budget for FY 2020. This obliged the State to operate on an interim budget until the legislature passed and the Governor signed a new one (HB 166) on July 18, 2019.
New tax on vapor products
The new budget contained a tax on vapor products which are defined as “any liquid solution or other substance that (1) contains nicotine and (2) is depleted as it is used in an electronic smoking product”. The rate of the tax is $0.01 multiplied by the vapor volume which is one-tenth of one milliliter if the vapor product is sold in liquid form, or one-tenth of one gram if the vapor product is sold in a non-liquid form.
Tags: e-cigarette taxation
Categorised in: Country, Electronic cigarettes, Excise tax, Ohio, USA
This post was written by Philip Gambaccini