1. Short title This Act may be cited as the E-Cigarette Tax Parity Act . 2. Regulation and taxation of electronic cigarettes and alternative nicotine products (a) Imposition, rate, and attachment of tax Section 5701 of the Internal Revenue Code of 1986 is amended— (1) by redesignating subsection (h) as subsection (i), and (2) by inserting after subsection (g) the following new subsection: (h) Alternative nicotine products (1) In general On alternative nicotine products, manufactured in or imported into the United States, there shall be imposed a tax equal to the applicable dollar amount per gram of nicotine (and a proportionate tax at the like rate on all fractional parts of a gram) contained in such product. (2) Applicable dollar amount For purposes of this subsection, the applicable dollar amount shall be equal to— (A) $50.33, or (B) for any specified class of alternative nicotine products which is identified pursuant to regulations prescribed by the Secretary, such amount as may be determined by the Secretary (in consultation with the Secretary of Health and Human Services) to be equivalent to the rate of tax imposed on cigarettes under subsection (b)(1) on an estimated per use basis for such class of alternative nicotine products. . (b) Definitions Section 5702 of the Internal Revenue Code of 1986 is amended— (1) in subsection (c), by striking and roll-your-own tobacco and inserting roll-your-own tobacco, and alternative nicotine products , (2) in subsection (d), by striking or roll-your-own tobacco each place it appears and inserting roll-your-own tobacco, or alternative nicotine products , and (3) by adding at the end the following new subsection: (q) Alternative nicotine product (1) In general Subject to paragraph (2), the term alternative nicotine product means any product containing nicotine which is— (A) suitable for and likely to be offered to, or purchased by— (i) a consumer for the inhalation, ingestion, absorption, or consumption of nicotine, or (ii) a person for the production of a product