Bill > A1554

This bill amends the "Unfair Cigarette Sales Act of 1952" by increasing the presumed "cost of doing business by the retailer" from 8% to 16% of the "basic cost of cigarettes" to the retailer, effectively raising the minimum mark-up margin required for retailers selling cigarettes. The "basic cost of cigarettes" refers to the price a retailer pays for the cigarettes, and the "cost of doing business by the retailer" is an estimate of the expenses a retailer incurs, such as labor, rent, and advertising, in selling those cigarettes. This change aims to update the calculation of these presumed operating costs to reflect current economic realities like inflation and increased expenses, providing a more accurate basis for setting minimum retail prices for cigarettes.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2026/A1554