Loading chat...
MS HB4043
Bill
Status
2/25/2026
Primary Sponsor
John Lamar
Click for details
AI Summary
-
Imposes a 50% tax on the increased cost portion of cigarette sales at both wholesale and retail levels, calculated as if phased increases were fully implemented on July 1, 2026
-
Phases in higher presumed cost of doing business for wholesalers: 2% through June 30, 2026; 3% through June 30, 2027; 4% through June 30, 2028; and 5% from July 1, 2028 onward
-
Phases in higher presumed cost of doing business for retailers: 6% through June 30, 2026; 8% through June 30, 2027; 10% through June 30, 2028; and 12% from July 1, 2028 onward
-
Revenue collected from the new cigarette sales tax shall be deposited into the General Fund
-
Amends the Unfair Cigarette Sales Law (Section 75-23-5) and sales tax distribution provisions (Section 27-65-75) of Mississippi Code
Legislative Description
Sales tax; impose on portion of cigarette increased cost to wholesaler or cost to the retailer included in sales price.
Last Action
Died In Committee
2/25/2026