Relating to taxation of products containing nicotine; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.

Increases rates of taxation on cigarettes and tobacco products. Applies increase to cigarettes and tobacco products distributed on or after January 1, 2018, and to existing inventories of cigarettes not yet acquired by consumers as of January 1, 2018. Imposes tax on inhalant-form nicotine at point of retail sale, based on concentration of nicotine. Directs proceeds of tax to Oregon Health Plan Fund. Applies to inhalant-form nicotine sold after January 1, 2018. Takes effect on 91st day following adjournment sine die.