The End Tobacco Loopholes Act would raise federal excise taxes on cigarettes and several other tobacco products, including roll-your-own tobacco, pipe tobacco, smokeless tobacco, and cigars. It would also tax extracted, concentrated, or synthetic nicotine, with an exception for nicotine used in certain approved or investigational medical products. Tax rates would be adjusted for inflation beginning in 2027. The bill includes taxes on some products held for sale when the tax increases take effect. Its provisions have different effective dates.
If you buy products covered by the bill, the federal taxes on them could be higher. The bill does not state how much retail prices would change. It also adds rules for businesses that make or import taxable nicotine.
The bill increases federal excise taxes on covered products. It does not provide estimates of the total tax collected or the added cost to individual buyers.
No publicly available information.
No publicly available information.