luxury tax; nicotine; vapor; products

This bill requires businesses selling nicotine and vapor products in Arizona to post financial bonds to secure tax payments. The bond amount must be at least $500 or four times the business's average monthly tax liability over the prior six months. Businesses with two or more tax payment delinquencies in 24 months must maintain these bonds, and the state can adjust the bond amount based on payment history. The requirement applies to license holders under Arizona's tobacco and nicotine product tax laws.