LA HB668

Codifies the 4¢ per cigarette excise tax (currently maintained only in the state constitution since 2012) into statute, keeping the total state cigarette excise tax at $1.08 per pack of 20 cigarettes

Authorizes a 60% tax reduction for tobacco products issued a "risk modification order" by the FDA under 21 U.S.C. 387k(g)(1), which applies to products shown to significantly reduce harm and benefit population health

Authorizes a 25% tax reduction for tobacco products issued an "exposure modification order" by the FDA under 21 U.S.C. 387k(g)(2), which applies to products with reduced exposure to harmful substances

Expands the definition of "cigarette" to include rolls for heating (not just smoking), capturing heat-not-burn tobacco products under the tax

Adds definitions for "invoice price," "manufacturer's net invoiced price," "promotional incentives," and "trade discounts" to clarify tax calculations on tobacco products; effective for taxable periods beginning July 1, 2025