Signed by Governor Phil Murphy

Vote Smart's Synopsis:

Vote to concur with senate amendments and pass a bill that increases licensing and tax requirements for vape businesses.

Highlights:

• Authorizes the Director of the Division of Taxation in the Department of Treasury to issue and charge a fee for business licenses which shall lapse each year on March 31 to vapor businesses and implement rules and regulations over the business license (Sec. 2).

• Requires vapor businesses that intend to sell container e-liquid at 2 or more places of business to attain a second business license (Sec. 4).

• Authorizes the Director to suspend or revoke the business license of any individual who violates any provision of this act at any time (Sec. 4).

• Requires vapor businesses to keep complete and accurate records of all their sales made and submit their records to the Director to determine the tax due to be collected (Sec. 6).

• Specifies that any individual who engages in the aforementioned business practice without first obtaining a license will be liable to a penalty or fine of $1,000 upon first offense (Sec. 7).

• Defines “container e-liquid” as a container of liquid nicotine or other liquid where the liquid is marketed, sold, or intended for use in an electronic smoking device, but does not include a prefilled cartridge or container where the cartridge or container is marketed, sold, or intended for use as part of an electronic smoking device (Sec. 2).

• Defines “vapor business” as a retail business where more than 50 percent of its retail sales derived from electronic smoking devices, related accessories, and liquid nicotine, but does not include a retail business that does not sell container e-liquid (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass with amendment a bill that increases licensing and tax requirements for vape businesses.

Highlights:

• Authorizes the Director of the Division of Taxation in the Department of Treasury to issue and charge a fee for business licenses which shall lapse each year on March 31 to vapor businesses and implement rules and regulations over the business license (Sec. 2).

• Requires vapor businesses that intend to sell container e-liquid at 2 or more places of business to attain a second business license (Sec. 4).

• Authorizes the Director to suspend or revoke the business license of any individual who violates any provision of this act at any time (Sec. 4).

• Requires vapor businesses to keep complete and accurate records of all their sales made and submit their records to the Director to determine the tax due to be collected (Sec. 6).

• Specifies that any individual who engages in the aforementioned business practice without first obtaining a license will be liable to a penalty or fine of $1,000 upon first offense (Sec. 7).

• Defines “container e-liquid” as a container of liquid nicotine or other liquid where the liquid is marketed, sold, or intended for use in an electronic smoking device, but does not include a prefilled cartridge or container where the cartridge or container is marketed, sold, or intended for use as part of an electronic smoking device (Sec. 2).

• Defines “vapor business” as a retail business where more than 50 percent of its retail sales derived from electronic smoking devices, related accessories, and liquid nicotine, but does not include a retail business that does not sell container e-liquid (Sec. 2).

Full Bill Text