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MS SB2567

Bill

Status

Passed

4/22/2024

Primary Sponsor

Chad Mcmahan

Click for details

Origin

Senate

2024 Regular Session

AI Summary

  • Creates a new "on-premises tobacco permit" allowing permittees to sell alcoholic beverages for consumption on licensed premises where cigars, cheroots, tobacco pipes, pipe tobacco, and/or stogies are sold.

  • Requires permittees to obtain and maintain a state tobacco permit and have a minimum capital investment of $500,000 in the premises.

  • Mandates that 75% of the permittee's annual gross revenue must be derived from the sale of cigars, cheroots, tobacco pipes, pipe tobacco, and/or stogies; no food sales required but food may be sold.

  • Imposes an annual privilege license tax of $450.00 for the on-premises tobacco permit.

  • Effective July 1, 2024.

Legislative Description

On-premises tobacco permit; authorize Department of Revenue to issue.

Last Action

Approved by Governor

4/22/2024

Committee Referrals

Ways and Means3/18/2024
Finance2/19/2024

Full Bill Text

No bill text available