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Senate conference report imposes excise tax on kratom products and clarifies retailers’ payment options
Summary
A Senate conference report imposes a 25% excise tax on kratom products and permits certain other tobacco‑related excise taxes to be collected at point of retail sale; sponsors said the changes do not alter tax rates but provide an option to pay at retail.
The Mississippi Senate advanced a conference report that imposes an excise tax on kratom products and clarifies how certain tobacco‑related excise taxes may be collected.
Senator Phil Gaines explained the conference language, saying the measure levies a 25% excise tax on kratom products and that changes elsewhere in the conference report give those paying excise taxes the option to remit certain tobacco‑related excise taxes at the point of retail sale instead of at a later, date‑specific remittance.
Gaines said the conference report’s changes do not alter the tax rates themselves; rather, they give revenue officials and taxpayers the option to collect and remit specified excise taxes at retail. He answered a question from Senator Fillinghain seeking confirmation that the bill does not schedule kratom as a controlled substance and clarified it deals solely with taxation.
The sponsor moved adoption of the conference report and the Senate adopted it by roll call.
