Proposition EE will raise taxes on tobacco products in Colorado — with one very big exception | AspenTimes.com
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Proposition EE will raise taxes on tobacco products in Colorado — with one very big exception

The ballot question, if passed, would actually reduce the taxes on one special subset of items, called modified-risk tobacco products, which tobacco giant Altria sees as the future of its business

Jesse Paul
The Colorado Sun

When Coloradans fill out their ballots over the next three weeks and vote on Proposition EE, they will decide whether to significantly raise taxes on cigarettes and other tobacco and nicotine products. 

That is, with one big exception. 

The ballot question, if passed, would actually reduce the taxes — at least for the next six years — on one special subset of items, called modified-risk tobacco products. 

Modified-risk tobacco products — or MRTPs — are determined by the Food and Drug Administration to have lower risks of certain health effects using the products compared to smoking cigarettes. 

There aren’t many products with the designation, first awarded to a tobacco manufacturer in October 2019 — a few types of smokeless tobacco and a device used to heat rather than burn tobacco. But one notable company is behind a third of the items on the MRTP list: Altria, one of the world’s largest tobacco conglomerates and the maker of Marlboro cigarettes.

Read the full story via The Colorado Sun.

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