Taxation: tobacco; tax on certain nicotine and vapor products; establish, and provide for various amendments. Amends title & secs. 2, 3, 6, 6a, 6c, 6d, 7, 8, 9, 11, 12 & 14 of 1993 PA 327 (MCL 205.422 et seq.).

SB 582 expands Michigan's tobacco tax to include certain nicotine and vapor products, specifically targeting consumable materials like vaping liquids and pods (not the devices themselves). It directly affects manufacturers and retailers of these products by requiring them to pay a tax on sales and distribution. Key provisions define "alternative nicotine products" and "consumable materials" to clarify what is taxable, while excluding tobacco cessation products, vapor devices, and authorized FDA-approved products. The bill also updates licensing requirements and collection procedures for the state Treasury Department. This is a tax policy change, not a procedural measure.