Relating to the regulation and taxation of tobacco products and heated tobacco products

This bill relates to the regulation and taxation of tobacco products and heated tobacco products.2 by including heated tobacco products in the definition of cigarette for the purpose of cigarette sales including the determining of the basic cost of cigarettes and the selling of cigarettes at less than cost under Code chapter 421B.1(4) to provide that the definition of “cigarette” includes heated tobacco products for purposes of Code chapter 453A (cigarette and tobacco taxes and regulation of alternative nicotine products and vapor products). The bill defines “heated tobacco products” for purposes of Code chapter 453A, subchapter I (cigarettes and alternative nicotine products and vapor products), to mean a product containing tobacco that produces an inhalable aerosol by heating the tobacco by means of a device without combustion of the tobacco or by heat generated from a combustion source that only or primarily heats rather than burns the tobacco.1(29).1(29) to provide that the definition of “vapor product” include liquid nicotine rather than just nicotine, and replaces the use of the term “other substance” in the definition with the term “liquid”.80 cents on each cigarette.40 cents.43 on all tobacco products in this state at a rate of percent of the wholesale price of the tobacco products, except little cigars and snuff. Currently, cigarettes are also excluded from the percent tax on the wholesale price. By amending the definition of “tobacco products” in Code chapter 453A, subchapter II, to exclude heated tobacco products, the bill excludes heated tobacco products including vapor products from the percent tax on the wholesale price of tobacco products. The bill defines “cigarette” to include heated tobacco products for purposes of regulating cigarettes under Code chapter 453C (tobacco product manufacturers —— financial obligations).