- Mar 10, 2004
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Sounds like they want to kill e-cigs, or at least any small business. The FDA part is big, too.
http://levittownnow.com/2016/08/25/pa-e-cigarette-tax-burns-business-owners/
http://www.poconorecord.com/article/20160730/NEWS/160739985
Lawmakers passed a crippling 40 percent tax on e-cigarette and vaping liquid inventories, retroactive to Oct. 1, which has small business operators fuming and on the verge of losing their livelihoods.
According to some estimates, 92 percent of Pennsylvania’s 300 vape shops could close as a result of the 40 percent wholesale tax and new federal regulations that require shop owners to pay for FDA approval for homemade vaping liquids. FDA application costs could top $100,000.
http://levittownnow.com/2016/08/25/pa-e-cigarette-tax-burns-business-owners/
“The state has also added a possible 5- year prison term and $5,000 fine for those who try to buy the products off the internet or from out of state without paying the tax so you can’t do that and our customers are telling us that they’re scared that they won’t be able to afford the products
“There’s not only the tax coming on Oct. 1, but a floor tax as well that means all inventory owned by vapor companies will also be taxed at 40 percent which will really cause problems
In May, the FDA extended its authority to regulate all tobacco products including e-cigarettes, nicotine gels and hookahs. The agency noted that the changes were designed to improve public health and protect future generations from the dangers of tobacco.
Under the new regulations which take effect on Aug. 8, vape shops must register as tobacco manufacturers. The new rules include requiring all products, like e-cigarettes and vaping liquids, to be approved by the FDA prior to going on shelves.
“We will have to go through the process of getting a retail and manufacturing license which aren’t available yet from the state and, even though the FDA deadline is Aug. 8, we can’t get them until mid-September so it’s a Catch-22
http://www.poconorecord.com/article/20160730/NEWS/160739985
