Relating to personal income tax reduction

Eliminated a proposed excise tax of 25 cents per milliliter on e-cigarette liquids.

Removed the legal definition of 'e-cigarette' and 'e-cigarette liquid' from the bill.

Removed requirements for wholesalers and retailers to file specific monthly reports and maintain detailed invoices for e-cigarette sales.

Removed provisions allowing the Tax Commissioner to inspect e-cigarette records, seize contraband, and impose penalties for non-compliance.

Removed the effective date of July 1, 2026, for the new e-cigarette tax.

The excise tax on e-cigarette liquid was increased from 7.5 cents to 25 cents per milliliter.

New mandatory reporting and invoicing requirements were added for the sale and delivery of e-cigarette products.

A new provision was added to automatically reduce personal income tax rates if state revenue exceeds inflation-adjusted baselines, effective for tax years beginning in 2027.

The effective date for the new personal income tax rates was changed from January 1, 2026, to January 1, 2027.

New definitions for 'Adjusted consumer price ratio' and 'Base year revenues' were created to support the automatic tax reduction formula.

The input represents a diff between a bill text file and a website layout; the underlying policy content (tax rates, definitions, and effective dates) remains identical in both sources.

The effective date for the new graduated income tax rates was changed from January 1, 2026, to January 1, 2027.

The start date for the Secretary of Revenue to determine automatic tax rate reductions was changed from August 15, 2025, to August 15, 2026.

New tax rate tables were added specifically for surviving spouses and non-grantor trusts administered by licensed private trust companies.

The bill text was cleaned of draft formatting, removed extraneous navigation links, and updated the title to reflect the final enrolled status.