A bill for an act relating to the regulation and taxation of tobacco products and heated tobacco products.

HSB 321 updates the regulation and taxation of tobacco products, primarily focusing on heated tobacco products. The bill redefines "cigarette" to include heated tobacco products for various regulatory purposes and establishes a specific definition for these products. It imposes a tax of 3.40 cents on each consumable unit of a heated tobacco product, distinct from the standard cigarette tax. Additionally, the bill modifies the definition of "vapor product" and excludes heated tobacco products from the existing 22% wholesale tax on other tobacco products.