The Committee on Finance proposes the following amendment (LC-4303.DG0004S):

Amend the bill, as and if amended, SECTION 1, by striking Section 12-21-620(A) and inserting:

 (A) There shall be levied, assessed, collected, and paid in respect to the articles containing tobacco or nicotine enumerated in this section the following amounts:
  (1) upon all cigarettes for smoking made of tobacco or any substitute for tobacco, three and one-half mills on each cigarette;
  (2) upon all cigarettes for heating made of tobacco or any substitute for tobacco, fourteen and one-quarter mills on each cigarette. The proceeds of this item must be deposited in the South Carolina Medicaid Reserve Fund created pursuant to Section 11-11-230(B);
  (2)(3) upon all tobacco products, as defined in Section 12-21-800, five percent of the manufacturer's price;
  (4) upon all vapor products and electronic cigarettes, a tax of five cents per milliliter of consumable nicotine liquid solution or other material containing nicotine that is depleted as a vapor product is used. The proceeds of this item must be deposited in the South Carolina Medicaid Reserve Fund created pursuant to Section 11-11-230(B).
 Manufacturer's price as used in this section is the established price at which a manufacturer sells to a wholesaler.

Renumber sections to conform.

Amend title to conform.