NC Senate passes expansive revenue bill changing vape enforcement, R&D tax breaks

The North Carolina Senate passed Senate Bill 595, which shifts enforcement of vapor product regulations to Alcohol Law Enforcement, requires licenses for alternative nicotine product retailers, and modifies research and development tax deductions. The bill, supported by all present Republicans and opposed by Democrats, includes provisions for financial exploitation prevention and hurricane-related tax credits but faces criticism for potentially discouraging innovation by spreading R&D deductions over five years.