HB1688

Mississippi HB1688 revises definitions under the Unfair Cigarette Sales Law, adjusting the presumed cost of doing business for wholesalers and.

Mississippi HB1688 amends the Unfair Cigarette Sales Law by revising definitions, particularly focusing on the presumed cost of doing business for wholesalers and retailers. It phases in an increase in the presumed cost of doing business for wholesalers from 2% to 5% of the basic cost of cigarettes. Similarly, it phases in an increase in the presumed cost of doing business for retailers from 6% to 12% of the basic cost of cigarettes. These changes are set to take effect at different intervals starting from July 1, 2026.