New Tax Increases Now in Effect in Virginia

According to the Virginia Department of Taxation’s Press Release, several new state and local taxes went into effect on July 1,2020. These tax laws, which the Virginia General Assembly enacted during their 2019 and 2020 sessions, include changes to taxes on tobacco products.
Some of the newest of these changes include:
Cigarette and Tobacco Products Tax Increase: Begun July 1st, the tax rate has doubled for cigarettes and other tobacco products currently subject to the tax. The tax on a pack of cigarettes increased from thirty cents to sixty cents per pack.
Liquid Nicotine Subject to Tobacco Products Tax: The new rate of taxation for liquid nicotine products is 6.6 cents per milliliter on sale of purchases on or after July 1, 2020.
For a complete list of all new 2020 state and local tax laws, you can view the Virginia Tax 2020 Legislative Summary online.

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