Home > News content

The US House of Representatives approved an e-cigarette tax of $1.15 to be levied on Juul tobacco bombs

via:CnBeta     time:2019/10/25 13:34:46     readed:842

The bill was passed by the committee by 25 votes to 14, with a majority of Republicans voting against it. The bill will levy a tax of $50.33 on 1810mg of nicotine nebulizer.

For reference, the average nicotine content of Juul smoke bomb is 5%, the liquid of smoke oil is 0.7ml, and the taxable amount is 1.15 USD. A nicotine content of 3% with 0.7 mL of liquid is taxed at $0.68.

Suozzi says young people are more sensitive to price changes. We know it will help. But that doesn't solve the whole problem.

The tax will apply to all nicotine atomized liquids, similar to the current tobacco products tax, including ordinary cigarettes. However, it does not apply to products designed to help people quit smoking and use tobacco products, including nicotine gum.

The definition of tax nicotine in this act is very broad, covering almost all non tobacco nicotine products. This means that nicotine packets from tobacco sources that can be consumed orally are also taxed. These products have completely different product quality and will be subject to a high tax rate. A can of 15 bags, each containing 6 mg of nicotine, is taxed at $2.50.

The joint tax Commission reported that the new tax law, once enacted, would increase federal revenue by $9.9 billion over the next decade. The members of the committee did not say how to use the money.

Tom Basod (Tom Barthold), chief of staff of the Joint Taxation Committee, estimates that if taxes are levied, demand for e-cigarettes will fall by 22 percent a year.

Although the bill is expected to generate billions of dollars in revenue, several committee members have questioned the proposed tax because it does not cover illegal products, such as THC, the main psychoactive chemical in cannabis.

Most Republicans on the committee said that tetrahydrocannabinol should be dealt with instead of legal nicotine because it was found that most of the fog related injuries patients had used tetrahydrocannabinol products before they became ill.

Several Republicans said the bill would not prevent future cases of lung injury or correct the atomization epidemic in teenagers.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments