HI HB982

Increases the carry-over balance limit for the tobacco enforcement special fund from $500,000 to $750,000 at the end of each fiscal year, allowing the fund to retain more unspent money.

Raises the cigarette tax stamp fee from 1.7% to 2.2% of the denominated value of each stamp sold.

Increases the portion of the cigarette tax stamp fee allocated to the tobacco enforcement special fund from 1.5% to 2% of the denominated value.

Increases the amount of tobacco settlement moneys deposited annually to the tobacco enforcement special fund from $350,000 to $750,000 in each fiscal year.

Takes effect on July 1, 2050.