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.
Statement by David Schaefer, Vice President of Research and Policy, GBPI: The Georgia Budget and
THE CENTER SQUARE — Georgia officials again reported decreased net tax collections, though overall, the
Introduction Staci Fox, President and CEO When the 2024 Legislative Session began on January 8th,
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Georgia Budget & Policy Institute
