House panel to take up $10B vaping tax Wednesday

Legislation that would impose the first federal tax on vaping products is slated for a House Ways and Means Committee vote Wednesday, along with several other health care-related tax measures.

The bipartisan bill, from New York Reps. Tom Suozzi, a Democrat, and Republican Peter T. King, would tax “any nicotine which has been extracted, concentrated or synthesized” at the same rate cigarettes are currently taxed, or the equivalent of $50.33 per 1,810 milligrams of nicotine.

https://www.rollcall.com/news/congress/house-panel-to-take-up-10b-vaping-tax-wednesday

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