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MS HB856

Bill

Official Source

Status

Failed

3/27/2024

Primary Sponsor

Bob Evans

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Increases the excise tax on cigarettes from 3.4 cents to 5.9 cents per cigarette sold in Mississippi
  • Applies to cigarettes with a maximum length of 120 millimeters; cigarettes exceeding this length are taxed as two or more cigarettes
  • Maintains the existing 15% excise tax on cigars, stogies, snuff, chewing tobacco, smoking tobacco, and other tobacco products
  • Reduces dealer compensation for stamp purchases from 8% to 4% discount on additional face value of stamps purchased after June 1, 1985
  • Takes effect July 1, 2024

Legislative Description

Cigarettes; increase excise tax on.

Last Action

Died In Committee

3/27/2024

Committee Referrals

Ways and Means2/2/2024

Full Bill Text

No bill text available