Tobacco Tax Equity Act of 2012

Tobacco Tax Equity Act of 2012 - Amends the Internal Revenue Code to tax pipe tobacco, smokeless tobacco products, and large cigars at the same level as cigarettes. Revises the definition of "tobacco products" to include any other product containing tobacco that is intended or expected to be consumed.

Makes smokeless tobacco products sold in discrete single-use units subject to an excise tax of $50.33 per thousand.