HB758

Mississippi HB758 increases excise tax on tobacco products except cigarettes.

Mississippi HB758 amends the Mississippi Code to increase the excise tax on tobacco products excluding cigarettes. The bill sets a tax rate of 22.5% of the manufacturer's list price for cigars, cheroots, stogies, snuff, chewing and smoking tobacco, and other tobacco products. It also imposes a tax of 1.87 cents on each disposable heated tobacco unit or stick. The tax on cigarettes remains at 3.4 cents per cigarette, with adjustments based on federal tax changes. The bill excludes heated tobacco products from the cigarette tax but includes them under the broader tobacco tax.