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Austin, San Marcos, TX Press Releases
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(Austin.CityRegions.Com, June 06, 2014 ) Austin, TX -- The E Liquid is set to be a bit more expensive in North Carolina after Governor Pat McCrory approved a bill that would levy a tax on electronic cigarettes. This bill was signed into law last week meant that the taxing cigarettes and vapor products such as e liquid will come into effect in 2015. The basic rule is that starting in 2015 there will be a 5 cent tax on every milliliter of e liquid that will be sold in North Carolina.
Yet the E Cigarette Liquid bill did not have a smooth path to getting approved. This is because as one of the senators had proposed that based the taxing system on amount of nicotine rather than the amount of e juice. This would have meant those that use nicotine free e cigarette products will not be paying taxes at all whilst those on the high strength will be paying the most.
Yet this vote is historic as it makes North Carolina the second US state to have an Electronic Cigarette Liquid tax after Minnesota. Yet experts at ECigaretteSolution.Com have pointed out that 5-cent excise tax is significantly lower than Minnesota's which has a legendary high rate. Many of the vaping experts have gone on the record saying that Minnesota's reputation of taxing at 95% of the wholesale cost is overkill.
However the bill to tax e cigarette products did receive some support from the makers of the recreational smoking devices. One of the Major Electronic Cigarette Brands did say that they are supporting this bill to help establish a "a fair and reasonable" e cigarette excise tax. This resulted in State Representative Julia Howard speaking on the smokeless cigarette bill and saying that this was "a rare example of an industry wanting to be taxed."
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Mark Joseph
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Source: EmailWire.Com
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