Section 59-14-104 - Rate reduction for modified risk tobacco products(1) Beginning July 1, 2021, the tax imposed under this chapter is reduced in accordance with Subsection (2): (a) on the first day of a calendar quarter; and(b) after a 90-day period beginning on the day on which the commission receives a notice from the manufacturer of a product that has received a modified risk tobacco product order from the United States Food and Drug Administration.(2) The tax imposed under this chapter is reduced by: (a) 50% for any product that is issued a modified risk tobacco product order under 21 U.S.C. Sec. 387k(g)(1); and(b) 25% for any product that is issued a modified risk tobacco product order under 21 U.S.C. Sec. 387k(g)(2).Added by Chapter 347, 2020 General Session ,§ 28, eff. 7/1/2020.