relative to allowing wholesalers of cigarettes to retain tax revenue collected for each package of cigarettes with tax stamps sold.

This bill allows cigarette wholesalers in New Hampshire to keep one cent of the tax revenue collected for each package of cigarettes they sell with an affixed tax stamp. The retained funds serve as compensation for the administrative work involved in applying the stamps and processing the tax payments to the state. This change takes effect on July 1, 2024, and applies only to stamps affixed on or after that date. As a result, the state expects a decrease in tax revenue for the General Fund and Education Trust Fund, though the exact amount cannot be calculated.