(Update - 06.20.18)
As of Tuesday, June 19, both A. 4132 and S. 2731, which would enact an extra tax on e-liquid, were voted out of committee and are moving on to floor votes. These votes could happen as early as Thursday, June 21st.
Both bills were slightly amended in committee.
- A 4132 - Effective date changed to 90 days after the bill is enacted.It is CASAA’s understanding that this 90 day delay was negotiated so that the general assembly can come back and revisit the tax rate. As introduced, A. 4132 would have taken effect as early as July 1st. Although separate from Governor Murphy’s budget plan, this bill is a necessary part of the $1.5 billion in tax hikes contained in his proposal.
- S 2731 - The per milliliter tax rate was changed from 20c/mL to 10c/mL and the effective date is now 15 days after the bill is enacted.
- Both bills will still require businesses to pay a floor tax to be assessed on the first day of the first month after the bill is enacted.
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