Increases presumed mark-up rate for retailer selling cigarettes.

This bill increases the presumed "cost of doing business" for cigarette retailers in New Jersey from 8% to 16% of the basic cost of cigarettes. It directly affects retailers selling cigarettes by changing how their operating costs are calculated for setting minimum retail prices. The key provision raises the default percentage used to determine the minimum mark-up retailers must apply, unless they provide proof of lower actual costs. The bill aims to modernize pricing calculations to reflect current inflation and rising operational expenses like labor and rent. This is a procedural change to the 1952 Unfair Cigarette Sales Act.