WASHINGTON, D.C.—The House Ways and Means Committee Wednesday approved H.R. 4742, a bill that seeks to tax e-cigarettes and other vaping products like traditional cigarettes. Approved by a 24–15 vote, the measure now advances to the full House for consideration.
As reported in NACS Daily, the bill, introduced in the House by Reps. Tom Suozzi (D-N.Y.) and Peter King (R-N.Y.) in October, would tax e-cigarettes and vaping products for the first time at the federal level. Already, 19 states and the District of Columbia have added their own taxes on e-cigarettes.
The bill would place an excise tax equal to the $1.01 federal levy per pack of cigarettes on tobacco alternatives. The Joint Committee on Taxation estimates that the bill would raise nearly $10 billion over a decade.
“Increasing the cost of vaping will have a direct correlation to decreasing the usage of vaping products,” Rep. Suozzi said in a statement.
Although sponsored by members from both sides of the aisle, the bill advanced largely on a partisan basis. It is unclear if the legislation will be considered as a standalone measure or if it will be joined with additional e-cigarette bills before it is considered on the House floor.