House committee substitute to the 3rd edition makes the following changes. Adds the following provisions and makes conforming changes to the act's long title.

Amends GS 105-113.35 to no longer exclude vapor products from the 12.8% excise tax on tobacco products (was, vapor products are taxed at the rate of 5 cents per fluid milliliter of consumable product). 

Amends GS 105-113.40A to require that of the proceeds collected from the tax on tobacco products other than cigarettes, an amount equal to the revenue generated by the tax on vapor products be credited to the Tobacco Use Prevention Fund (was, to the General Fund).

Enacts new GS 14-313.5 creating the Tobacco Use Prevention Fund (Fund) in the Division of Public Health, Chronic Disease and Injury Section (Division), within DHHS, to prevent the use of new and emerging tobacco products, especially among youth and people of childbearing age. Prohibits DHHS from using the funds in the Fund for anything beyond the seven stated purposes, including creating regional tobacco use prevention programs and tracking youth tobacco use and exposure. Requires DHHS to administer the Fund and allows up to 10% of the amount appropriated to the Fund each fiscal year to be used for administrative purposes. Requires DHHS to report annually by March 1 to the specified NCGA committee and division on the expenditures from the Fund. Effective July 1, 2020.