Limits "tobacco and vapor products tax" on cigars to up to $0.50 per cigar.

This bill limits the tax on cigars in New Jersey to a maximum of $0.50 per cigar, replacing the current 30% tax on wholesale price. It directly affects cigar retailers and consumers by capping the tax rate, which previously could exceed $0.50 for higher-priced cigars. The key mechanism is amending the tobacco tax law to set this flat maximum, clarifying that cigar tax cannot exceed 50 cents regardless of wholesale cost. This change aims to level the playing field for New Jersey brick-and-mortar cigar shops competing with out-of-state online sellers that don’t collect state tax.