Limits "tobacco and vapor products tax" on cigars to up to $0.50 per cigar.

S 3554 caps the tax on cigars in New Jersey at $0.50 per cigar. The bill amends the state's tobacco tax law to establish this maximum rate, meaning the tax cannot exceed 50 cents for each cigar sold. This change directly affects cigar manufacturers, distributors, and retailers, who must calculate and collect the tax at or below this rate. The bill does not alter tax rates for other tobacco products like cigarettes or e-cigarettes.