In the United States, the more the days pass, the more local communities prepare to ban or tax vaping. Recently, it is the state of Colorado which announces that it has found a compromise to heavily tax vaping products.
FROM 50% TO 62% OF TAX ON THE PRICES OFFERED BY THE MANUFACTURERS!
Do you want to dissuade the population from quitting smoking and especially from starting to vape? Well, just put a good bunch of tax on the table! After weeks of behind-the-scenes negotiations with health care advocates and a tobacco producer, Colorado lawmakers introduced a measure on Thursday to impose a new tax measure on tobacco and vape next November.
Bill 1427 provides for a lower tax increase than Citizen's Initiative 292, but comes with a commitment from the governor and promoters that there will be no more taxes on products for six years, according to a document obtained by The Denver Publish.
The bill asks voters to increase the tax on cigarettes from 1 cent to 6,5 cents until July 1, 2024; the increase would be 8 cents until July 1, 2027 to finally drop to 10 cents.
But the most problematic remains this measure on the products of the vape. Indeed, this bill would also create a tax on nicotine-based products that would be equal to 50% of the list price from the manufacturer until July 1, 2024; then equal to 56% until July 1, 2027 to finish at a 62% tax rate. A real disaster for the vape industry in Colorado.
