Liquid Nicotine Product Sales Tax

By June 10, 2016November 16th, 2019Illinois Sales Tax, Uncategorized

Liquid Nicotine Product Sales Tax
The Liquid Nicotine Product Tax is imposed on the retail sale of liquid nicotine products in the City.
All retailers of liquid nicotine products must file a Floor Tax return on or before January 25, 2016. All wholesalers of liquid nicotine products must register with the Department of Finance to begin collecting the tax on January 1, 2016.
Electronic cigarettes are still a novelty, the concept of using liquid nicotine instead of real tobacco captures a lot of attention from all the age groups. This in fact is a special solution of liquid nicotine which can be easily vaporized by a small heating element.
The e-liquid or liquid nicotine contains anything from 2.4 to zero percent nicotine, which eliminates the chances of accidental spills, swallowing of the liquid itself. The cartridges usually contain sixteen to twenty four milligrams of nicotine which is way lesser then the normal nicotine levels in a traditional cigarette of whopping forty to sixty milligrams. The two common bases for the liquid nicotine delivery usually used in the e-cigarettes are basically, propylene glycol and vegetable glycerine. These may sound scary but there is nothing alarming about them as there are commonly used as naturally derived compounds in various soaps and food to lubricants. The propylene glycol used in liquid nicotine is also used to manufacture inhalers for asthma patients.
Liquid Nicotine Product Sales Tax

Ansari Law Firm

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