Across the world, there are millions of people who smoke or use electronic cigarettes. However, in the United States, particularly in the state of Georgia, this group has a higher proportion. Ultimately, the Georgia state government is hoping to increase taxes on tobacco and e-cigarette products sold in the region in order to decrease the number of people who smoke or use e-cigarettes.
Georgia's bipartisan lawmakers have proposed a bill to increase taxes on both traditional and electronic cigarettes in the state. This latest decision is separate from another measure aimed at bolstering the treasury. The last similar move occurred 20 years ago when Georgia legislators raised tobacco taxes, increasing the excise tax on each pack of cigarettes to 37 cents.
Tobacco users in the state of Georgia enjoy a favorable tax rate, which is the second-lowest in the United States. Smokers in areas such as Washington, D.C. and North Dakota pay $5.01 and 44 cents, respectively. Missouri is the only state with a tobacco tax rate lower than Georgia's.
According to State Representative Ron Stephens, this new legislation means that Georgia will no longer have the second lowest taxes. The new bill will raise taxes on each pack from 37 cents to 57 cents. After this new law is passed, Georgia will be on par with Idaho and South Carolina.
Which products are affected by this new legislation? The new tax law in the state of Georgia will affect tobacco products. As a result, the prices of cigarettes, cigars, loose or smokeless tobacco products, and consumer electronic cigarette products will be impacted.
Reference: Potential Impact of Georgia House Bills on Cigarette and Vape Taxes
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