SENATE BILL NO. 45 "An Act raising the minimum age to purchase, sell, exchange, or possess tobacco, a product containing nicotine, or an electronic smoking product; relating to transporting tobacco, a product containing nicotine, or an electronic smoking product; relating to the taxation of electronic smoking products; and providing for an effective date." 1:51:10 PM Co-Chair Bishop relayed that it was the third hearing for SB 45. He intended to review the fiscal notes and look to the will of the committee. Co-Chair Bishop discussed a new fiscal note from the Department of Revenue, OMB Component 2476. He cited a projected $2.2 million increase in revenue with the 45 percent tax rate and by year 2028 it was estimated to be at $2.4 million per year. There was no implementation cost or added cost to update the tax revenue management system. Co-Chair Bishop discussed a new zero fiscal note from the Department of Health, OMB Component 2818. He detailed that the bill would raise the minimum legal age to purchase tobacco and nicotine products from 19 to 21. He read from the fiscal note Analysis on page 2: The bill strengthens restrictions on underage access by requiring licensed tobacco retailers to verify age at the time of purchase and at delivery when transporting or shipping tobacco products in Alaska. Co-Chair Stedman MOVED to report CSSB 45(FIN) out of Committee with individual recommendations and the accompanying fiscal notes. There being NO OBJECTION, it was so ordered. CSSB 45(FIN) was REPORTED out of committee with one "do pass" recommendation and with three "no recommendation" recommendations; and with one new zero fiscal note from the Department of Health and Social Services, one new fiscal impact note from the Department of Revenue, and one new Statement of Zero Fiscal Impact from the Office of the Governor and Combined Departments. 1:53:23 PM AT EASE 1:55:07 PM RECONVENED