Increases presumed mark-up rate for retailer selling cigarettes.

This bill amends New Jersey's 1952 Unfair Cigarette Sales Act by increasing the presumed "cost of doing business" rate for cigarette retailers from 8% to 16% of the "basic cost of cigarettes." It directly affects retailers selling cigarettes in New Jersey, requiring them to use this higher presumption (unless they provide proof of lower costs) when calculating minimum selling prices. The key mechanism sets a fixed percentage of the wholesale cost to cover operational expenses like rent, labor, and overhead. This change aims to update pricing calculations to reflect current business costs, as stated in the bill's purpose. The bill is pending in the Assembly Consumer Affairs Committee.