H.R. 4742: To amend the Internal Revenue Code of 1986 to impose a tax on nicotine used in vaping, etc.
CBO Score
$0
Documentation
Date of Report
Mon November 18th, 2019
Notes
Corrected score
Legislation Details
116th Congress
To amend the Internal Revenue Code of 1986 to impose a tax on nicotine used in vaping, etc.
Sponsor: Rep. Thomas Suozzi — D — NY
Imposes an excise tax on "taxable nicotine" which is any nicotine that has been extracted, concentrated, or synthesized and is treated as a tobacco product. The tax does not apply to nicotine used in a product that has been approved by the Food and Drug Administration for sale as a nicotine replacement therapy.
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