H. R. 10222, known as the “Hookah Clarification Act of 2024,” proposes changes to the Internal Revenue Code of 1986 to address taxes on pipe and waterpipe tobacco. It aims to impose a tax of $2.8311 per pound on both pipe and waterpipe tobacco, which includes products...
Simple Explanation
The bill wants to change the way taxes are collected on special kinds of tobacco used in pipes and waterpipes, like hookahs, by setting a specific tax amount for each pound of this tobacco. It is like saying, "For every big bag of this special tobacco, you will pay a certain amount of money in tax."