By: Angela Garrity
The Colorado Sun reports that vapers in Colorado are not alone in their fight of the Centennial State’s nicotine tax and cigarette tax increase bill. Altria, the parent company of Philip Morris and 35% stake owner of Juul, is combating the measure with powerful lobbyists and a social media campaign.
The opposition came quickly — even before the measure was introduced, state records suggest.
House Bill 1333 hopes voters in November will agree to increase the cigarette tax by 8.75 cents per cigarette, to increase the tobacco products tax by 22% of the manufacturer's list price, and to create a tax on nicotine products that is equal to 62% of the manufacturer's list price, which is the same total tax as the tax levied on tobacco products with the increase. The last minute proposal was announced April 24th by Governor Polis and Democratic state lawmakers, in hopes of fast tracking it to approval before this session ends.
The lawmaking session ends on Friday at midnight and that will determine the fate of HB 1333 during this session.
Read the full article here.