118th Congress · SENATE BILLBILL

S. 2929 — Tobacco Tax Equity Act of 2023

“A bill to amend the Internal Revenue Code of 1986 to provide tax rate parity among all tobacco products, and for other purposes.”

Taxation

Introduced Sep 26, 2023

Last action Sep 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 26, 2023

Step 2

Referred

Sep 26, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases the excise tax on cigarettes and cigars and equalizes tax rates among all other tobacco products. It also imposes a tax on nicotine for use in vaping.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 26, 2023

Introduced in Senate

Sep 26, 2023

Read twice and referred to the Committee on Finance.