Alright I didnt find this so I’m posting it…Can someone smarter than me estimate the cost of a liter 100mgml strength
Congress’ tax -writing committee passed the “ nicotine vaping tax ” measure, the first of its kind, which goes beyond taxing traditional tobacco products. The levy will essentially add a tariff of “$50.33 per 1,810 mg” of liquid nicotine , which comes out to approximately $1.15 per 5% nicotine Juul pod
That seems absurd… I get the math but im not sure these idiots understand that they are taxing a product like that as a matter of fact im not sure they can tax a product like that. @Nicotine_River what is your take on this new tax ???
Do we have any other Nicotine suppliers in the forum
AMENDMENT IN THENATURE OF ASUBSTITUTETOH.R. 4742 OFFERED BYMR. NEAL OFMASSACHUSETTSStrike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. 1This Act may be cited as the ‘‘Protecting American 2Lungs Act of 2019’’. 3SEC. 2. IMPOSITION OF TAX ON NICOTINE FOR USE IN 4VAPING, ETC. 5(a) INGENERAL.—Section 5701 of the Internal Rev-6enue Code of 1986 is amended by redesignating subsection 7(h) as subsection (i) and by inserting after subsection (g) 8the following new subsection: 9‘‘(h) NICOTINE.—On taxable nicotine, manufactured 10in or imported into the United States, there shall be im-11posed a tax equal to the dollar amount specified in section 125701(b)(1) (or, if greater, $50.33) per 1,810 milligrams 13of nicotine (and a proportionate tax at the like rate on 14any fractional part thereof).’’.
Several committee members took issue with the proposed tax despite the expected billions in revenue, though, because the bill did not address illicit products, like the main psychoactive chemical in marijuana, THC. Most Republicans on the committee said that THC should be addressed rather than legal nicotine, as most vaping-related injury patients were found to have used THC products before getting sick.
Several Republicans said the bill as written would not prevent future lung injury cases or remedy the teen vaping epidemic.
Maybe the Senate ( republican control ) will squash this…The increase you proposed isnt crazy it seems to be feasible…Never thought id be rooting for the GOP
‘‘(3) COORDINATION WITH TAXATION OF OTHER23TOBACCO PRODUCTS.—Cigars, cigarettes, smokeless 24tobacco, pipe tobacco, and roll-your-own tobacco 25VerDate Mar 15 2010 12:43 Oct 18, 2019 Jkt 000000 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 C:\USERS\HWCHRISTRUP\APPDATA\ROAMING\SOFTQUAD\XMETAL\7.0\GEN\C\SUOZZOctober 18, 2019 (12:43 p.m.)G:\M\16\SUOZZI\SUOZZI_039.XMLg:\VHLC\101819\101819.145.xml (747516|4)
3 shall not be treated as containing taxable nicotine 1solely because the nicotine naturally occurring in the 2tobacco from which such product is manufactured 3has been concentrated during the ordinary course of 4manufacturing.’’.
Is this Tax a Tobacco tax??? Or a liquid nicotine tax ??? If it’s under Tobacco then maybe companies like Chemnovatic will have a loophole since they fall under pharmaceutical
I just got 500ml of Freebase and an extra 150ml of salts … Im just gonna stock up so I can quit Nicotine when I WANT instead of being taxed so heavily that i can’t vape Nicotine