Among other provisions, HB2915 directs the business and occupation taxes of manufacturers and distributors of all tobacco and vapor products shall be increased, and the revenue shall be placed in the Foundational Public Health Services Account (FPHSA). These funds shall be used for resources for prevention, education, cessation, and enforcement related to vapor and tobacco products, as well as resources for responding to the myriad adverse health outcomes associated with use of these products.
Up to 45% of the reagent eligible sales tax shall be placed into this account. Fifty percent of the funds, up to five million dollars per fiscal year, must be transferred to the Andy Hill cancer research endowment fund match transfer account.
