20 Percent Sales Tax on Vaping Products in New York

By April 4, 2019 News

new-york

New York Vapers Attention: You will pay a new 20 percent sales tax on vaping products starting Dec. 1, 2019.

The tax applies to the liquid and gel that is used in electronic devices including cigarettes, cigars, and vaping pens, regardless of whether they contain nicotine.

The measure is projected to raise $2 million in revenue in fiscal year 2020, which ends March 31, and $19 million in FY 2021, according to the governor’s office. The money will go to the state’s Health Care Reform Act Resource Fund. The revenue estimate takes into account a recently passed state law raising the legal age for the purchase of tobacco products to 21 from 18.

As this bill is only for vape stores in New York state, Wellon suggets customers to buy vape devices & eJuice online to save money.

Resource: https://news.bloombergtax.com