MS HB1675

Increases the excise tax on cigarettes from 3.4 cents to 5.9 cents per cigarette, effective July 1, 2019.

Directs 42% of revenue collected from the cigarette excise tax to be deposited into a special account in the State Treasury for the Division of Medicaid instead of the General Fund.

Requires the General Fund and state support special funds appropriation to the Division of Medicaid to be reduced by an amount equal to cigarette excise tax revenues deposited into the Medicaid special account, beginning in fiscal year 2021.

Maintains existing tax rates of 15% on cigars, snuff, chewing tobacco, smoking tobacco, and other tobacco products except cigarettes.