Includes whereas clauses. 

Amends GS 105-113.35 to increase the tax on tobacco products (excluding cigarettes) from 12.8% to 15% and the tax on vapor products from five cents to seven cents per fluid milliliter. Adds the requirement that, of the funds collected under the statute, the Secretary f Revenue (Secretary) deposit to the General Fund an amount equal to 12.8% of the price of the tobacco products taxed and an amount equal to five cents per fluid milliliter of consumable vapor product; the remainder of the funds must be remitted to the Division of Mental Health, Developmental Disabilities, and Substance Abuse Services in the Department of Health and Human Services for providing substance use programs and services.

Amends GS 105-113.5 to increase the tax on cigarettes from two and one-fourth cents to three cents per individual cigarette. Adds the requirement that the Secretary, after accounting for discounts and refunds permitted pursuant to this Part, deposit to the General Fund an amount equal to two and one‑fourth cents per individual cigarette; requires the remainder of the funds be remitted to the Division of Mental Health, Developmental Disabilities, and Substance Abuse Services in the Department of Health and Human Services for providing substance use programs and services.

Amends GS 105-113.80 to increase the tax on malt beverages from sixty-one and seventy-one hundredths cents to seventy cents per gallon. Enacts new GS 105‑113.82A requiring the Secretary, after accounting for discounts, refunds, and distributions required pursuant to this Part, of the funds collected from the tax on malt beverages, to deposit to the General Fund an amount equal to sixty‑one and seventy‑one hundredths cents per gallon levied on the sale of malt beverages; requires the remainder of the funds be remitted to the Division of Mental Health, Developmental Disabilities, and Substance Abuse Services in the Department of Health and Human Services for providing substance use programs and services.

The above provisions are effective July 1, 2017.

Effective July 1, 2019, the act makes the changes below.

Amends GS 105-113.35, GS 105-113.5 and GS 105-113.80 to undo the tax rate increases in those statutes, by returning the tax rates to the rates as they existed before they were amended by this act. Also deletes the provisions added to those statutes, and repeals new GS 105-113.82A, that required funds to be remitted to the Division of Mental Health, Developmental Disabilities, and Substance Abuse Services.