Pa house committee votes to repeal vape shop 40% inventory tax

Pa house committee votes to repeal vape shop 40% inventory tax

HARRISBURG, Pa. –  The House Finance Committee voted 19-4 to repeal the 40-percent retroactive tax that is poised to drive hundreds of vape shops out of business and cost as many as 1,500 full-time jobs. The 40-percent tax  on vape shop inventories is set to go into effect this Saturday, with crippling tax payments due 90 days after.

The legislation advanced today, HB 2342, sponsored by Rep. Jeff Wheeland, replaces the 40-percent tax with a 5-cents-per-milliliter tax. This change would raise revenue without driving vape businesses under.

Click Link to read the rest of the story.