TAX/EXCISE: Continues a portion of the excise tax levied on cigarettes in statute and authorizes a reduced excise tax rate on certain tobacco products (OR DECREASE GF RV See Note)

HB 668 amends Louisiana's tobacco tax laws, affecting manufacturers, dealers, and consumers of tobacco products. The bill continues the existing excise tax levied on cigarettes, outlining several specific tax rates per cigarette. It also authorizes reduced excise tax rates for certain tobacco products, allowing a 60% reduction for products with a U.S. FDA risk modification order and a 25% reduction for products with an exposure modification order. Additionally, the bill updates definitions related to tobacco products and taxation.