MS HB420

Amends Section 27-69-3 of the Mississippi Code to revise the definition of "manufacturer's list price" in the tobacco tax law.

Expands the definition to include sales by "dealers or other persons engaged in selling tobacco products directly" to wholesalers or distributors, not just manufacturers.

Maintains that manufacturer's list price includes the full sales price without deductions for freight, trade discounts, cash discounts, special discounts, rebates, or other reductions from regular selling price.

Requires that freight charges unpaid by the manufacturer or seller be added to the amount paid by wholesalers and distributors when calculating manufacturer's list price.

Takes effect upon passage.