HI HB982

Increases the tobacco enforcement special fund carryover limit from $500,000 to $750,000 at the end of each fiscal year, allowing the fund to retain more unspent money instead of returning it to the general fund.

Raises the cigarette tax stamp fee from 1.7% to 2.2% of the denominated value, with the increase from 1.5% to 2.0% directed to the tobacco enforcement special fund.

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

Intended to stabilize funding for the Department of the Attorney General's tobacco enforcement unit, which administers and enforces the master settlement agreement and related Hawaii tobacco laws.

Takes effect July 1, 2050.