A proposed tax on vaping and other nicotine products would also cut the tax rate for one type of smokeless tobacco in half. The... Tax cut for ‘modified risk’ tobacco products added to vaping bill

A proposed tax on vaping and other nicotine products would also cut the tax rate for one type of smokeless tobacco in half. The latest version of House Bill 864 says any products deemed “modified risk” by the U.S. Food and Drug Administration can be taxed at half the rate it would be if it did not have that designation. The FDA allows tobacco products to use the term “modified risk” once the agency finds the product has lower risks of disease and other adverse affects associated with tobacco.

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