MS HB1414

Imposes a health impact tax of $0.0135 per cigarette on all cigarettes subject to existing tobacco tax, with annual increases of the greater of 3% or the Consumer Price Index increase.

Exempts cigarettes manufactured by parties to the tobacco settlement agreement from the health impact tax.

Applies the tax to distributors (due by the 15th of the month following sale), who must report by brand family and track cigarettes transported outside Mississippi, with eligibility for credits on returned cigarettes.

Establishes penalties of $1,000 per violation for distributors failing to report or pay the tax, with permit revocation possible for second violations.

Repeals prior sections imposing fees on nonsettling cigarette manufacturers and related registration/certification requirements, while allowing refunds for wholesalers ceasing business in Mississippi.