MS SB2806

Revises the definition of "tobacco settlement agreement" to refer specifically to the Comprehensive Settlement Agreement filed December 29, 1997, in Jackson County Chancery Court in Mississippi tobacco litigation.

Removes the fee imposed on cigarettes sold, purchased, or distributed in Mississippi for sale outside the state.

Allows distributors a 90-day grace period from the date a nonsettling manufacturer is removed from the Attorney General's directory to continue stamping and selling previously purchased cigarettes from that manufacturer.

Maintains the fee on nonsettling-manufacturer cigarettes sold or distributed within Mississippi that require tax stamps under the Tobacco Tax Law.

Takes effect July 1, 2010.