By: angela garrity
Texas vapers are coming under fire, in a late push for an excise tax on vaping products.
HB 4013 was originally filed in March of this year, however appears to have undergone changes from its original version.
Either way, it puts vaping businesses in a truly injudicious situation.
The verbiage of the Bill Analysis of HB 4013 states:
While C.S.H.B. 4013 may differ from the original in minor or non-substantive ways, the following summarizes the substantial differences between the introduced and committee substitute versions of the bill.
The substitute includes e-cigarettes among the products to which the sales and use taxes apply and changes the sales and use tax rates from five cents for each milliliter or fractional part of a milliliter of vapor product to 10 percent of the sales price of the e-cigarette or vapor product.
The substitute changes the definition of "vapor product."
The substitute changes the fund to which the comptroller is required to deposit the proceeds of the taxes from the general revenue fund to the foundation school fund. The substitute revises certain reporting and recordkeeping requirements regarding the taxes.
HB 4013 must win initial House approval by midnight tonight to endure. It Is a companion bill of SB 1332 that was introduced in February.