Official Text and Analysis.

Increases the tax on vapor products from five to ten cents per milliliter of solution; modifies the use and distribution of funds deposited to the foundational public health services account created under the act; provides that funding from the vapor and heated tobacco products taxes are intended to supplement and not supplant general fund investments in cancer research and foundational public health services; increases the tax on heated tobacco products from forty cents to sixty cents per ounce of tobacco; adds heated tobacco products to other tobacco products for purposes of taxation; repeals the expiration date on the Andy Hill Cancer Research Endowment; and makes other technical changes.

Changes the tax base and rate for heated tobacco products from 40 cents per ounce of tobacco to 65 percent of the taxable sales price.