Modifies tax rate on certain tobacco and nicotine products.

This bill increases the tax rate on most tobacco products from 30% to 50% of their wholesale price, and raises the tax on moist snuff from $0.75 to $1.50 per ounce. It explicitly includes oral nicotine pouches (tobacco-free pouches containing nicotine, such as ZYN) under the tobacco tax definition. The bill requires distributors, wholesalers, and retailers to file inventory reports and pay the new tax rates on products held in inventory on the effective date of the tax rate change. These changes apply to tobacco products except cigarettes, which have separate tax treatment under existing law.