2024 Session

Budget Amendments - SB30 (Floor Approved)

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Liquid Nicotine Tax (language only)

Item 3-5.19 #1s

Item 3-5.19 #1s

Adjustments and Modifications to Tax Collections
Cigarette Tax, Tobacco Products Tax and Tax on Liquid Nicotine


Page 579, line 22, after "C." insert "1."

Page 579, after line 24, insert:

"2. Notwithstanding any other provision of law, the tobacco products tax imposed under § 58.1-1021.02 of the Code of Virginia shall be imposed on liquid nicotine at the rate of $0.15 per milliliter beginning July 1, 2024 for taxable sales or purchases occurring on and after such date."


(This amendment increases the tax on liquid nicotine from $0.066 per milliliter to $0.15 per milliliter effective July 1, 2024. This generates $19.1 million in FY 2025 and $22.9 million in FY 2026 in revenue to the Health Care Fund, which offsets general fund spending for the state's Medicaid match.)