Category: Vaping Product Tax

2019 Tax Hike On Vape Products In Vermont

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The local government decided to put a high tax on vape products in Vermont to generate more revenue. This caused a stir among the vaping community, with many arguing that this will only harm businesses and discourage people from using vaping products altogether.

The tax includes a 92% wholesale tax on all vaping products, including e-liquids, hardware, and accessories. This is in addition to the state’s existing 6% sales tax. The total tax rate for vaping products will now be 98%. This is the first time in the country that such a high tax has been placed on vaping products.

What Are the New Taxable Products?

In this tax move, Vermont has become the first state to tax, not just electronic cigarettes, but also all vaping products and accessories. This includes e-liquids, mods, tanks, coils, drip tips, and batteries.

The tax will be levied on all nicotine products, including those with zero nicotine. This means that even if you don’t use nicotine, the state of Vermont will still tax your vaping device. This seems to be a dangerous trend that could discourage people from using vaping products altogether, as the tax burden will be too high.

What Is the Purpose of the Tax?

The state of Vermont says that the purpose of this new tax is to "discourage the use of tobacco products, including e-cigarettes, and generate revenue for the state." However, many people are skeptical of this claim, as the tax seems more about generating revenue than discouraging tobacco use.

In addition, the state says that the new tax will help offset the cost of health care for those affected by tobacco use. However, many argue that this is not a valid reason for taxing vaping products, as they are not tobacco products and do not pose the same health risks.

What Is the Impact of the Tax?

The tax is expected to generate $8 million in revenue for the state of Vermont in the 2019 fiscal year. This money will fund various programs that help people quit smoking. However, many argue that this tax will hurt businesses and discourage people from using vaping products. This could lead to a state revenue decrease and an increase in smoking rates.

Only time will tell if this new tax will have the desired effect or not. However, it is a controversial issue that is sure to cause debate for some time to come. It is a challenge that the vaping community will have to face in the coming year.

Conclusion

The community must keep a close eye on the consistent increase in taxes for vaping products. Currently, the government’s primary purpose for these taxes is to generate revenue rather than discourage tobacco use.

This could hurt businesses and people who use vaping products. It’s a new trend that will soon become more common across the country. Contact Emporium Tobacco & Gifts if you have any questions. We’ll be happy to help you find what you need while explaining the new tax issues.

What You Need to Know About Vermont’s New Vaping Product Tax

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Everyone dreads taxes, but there are certain products that are taxed far more heavily than others, and this can have a big impact on consumers and businesses alike. A recently-passed vaping product tax in Rutland, VT will have a huge effect on people who regularly buy vaping products. Read on to find out more about this new tax and how it will affect vaping product sales. You can also learn more about how you can help push for this new tax to be reversed.

Vermont’s vaping tax

Early this year, a proposed vaping tax passed in the Vermont House of Representatives. The proposed legislation would allocate a 92 percent tax on vaping devices and e-cigarettes in Vermont. Governor Phil Scott has voiced his support of this kind of a tax and signed the bill into law. This tax is accompanied by several other pieces of legislation intended to curb the use of vaping products by teenagers. Politicians from both parties have backed the bill in the name of preventing underage tobacco use, but many pro-vaping groups have combated this narrative and say that the tax will do little to solve the problem.

Many people are concerned that the new vaping tax will do far more harm than good. Minors who manage to purchase vaping products will likely do so regardless of any extra taxes and fees. The tax does nothing to address the issues that enable minors to get a hold of tobacco products, and makes the costs much higher for people who purchase and use vaping products legally. Since this policy is targeted at people who use nicotine-based e-cigarette products, some legislators have suggested an amendment to the policy that would exempt non-nicotine vaporizer products like CBD or medical marijuana.

What you can do

If you’re a long-time user of vaping products, you might be frustrated by the anti-vaping legislation that’s been passed by the Vermont legislature. While you might not be able to avoid the implementation of these policies, you can show your representatives that you are unhappy with this legislation by signing an online petition to stop the new vaping product tax in Rutland, VT. Every signature on this petition helps demonstrate to lawmakers that Vermont residents don’t want this kind of tax in place. Instead of raising prices for people who use e-cigarettes and vaporizers legally, policymakers should be focusing on addressing underage vaporizer use in more strategic and effective ways.

Get more info about the vaping product tax in Rutland, VT

You can learn more about the vaping product tax in Rutland, VT by reaching out to Emporium Tobacco & Gifts. Since 1999, we have been dedicated to providing our customers with the highest quality products and services. Whether you have been using smoking and vaping products for decades or you are a beginner looking for product recommendations, our friendly team is here to help. Call us or stop by the store today to find out more about our incredible selection of high-quality products and accessories.