State House committee pushes for new tax on vaping products

A key Georgia House committee approved a 7% tax on vaping products Wednesday but declined to take on a hike in tobacco taxes.

Vaping products could be taxed at as much as 7% of the wholesale price, depending on the type of device. That would add about $6 million per year to the state’s general fund, according to the Georgia Budget and Policy Institute.

The rate is designed to be similar to the 37-cent tax for tobacco products, said Rep. Bonnie Rich, a Suwanee Republican. 

Read the full article here.

Support GBPI Today

The Georgia Budget & Policy Institute is a 501(c)3 organization. We depend on the support of donors like you. Your contribution makes the work that we do possible.

Related Posts

Leave a Comment

Your email address will not be published.

Subscribe to our Newsletter