Chicago area vapers who are ringing in the New Year are getting a bit of bad news to start off 2016. Today the Liquid Nicotine Product Tax goes into effect, which charges vapers an additional 80 cents per “liquid nicotine product unit” plus 55 cents per milliliter of e-cigarette e-liquid. With most liquid nicotine sold in 15 or 30 milliliter increments, the tax will cost the city’s vaping population an extra $8 to $15 per bottle, reports TimeOut.com.
Chicago’s City Council passed the tax in October at a budget meeting. The additional tax is said to go to the city’s pension deficit, in which the city owes $672 million to the police and fire pension funds. Curbing youth smoking/vaping also was cited as a reason for the tax. TimeOut.com reports that the tax will double the cost of e-liquid in Chicago.
For the full story, visit http://www.timeout.com/chicago/blog/the-city-is-about-to-tax-the-hell-out-of-e-cigarettes-122915.