Small Business Fair Trade Act.

HB 1557, titled the "Small Business Fair Trade Act," actually revises cigarette sales cost calculations under Mississippi's Unfair Cigarette Sales Law. It phases in higher presumed costs of doing business for cigarette wholesalers (2% to 5% of basic cost) and retailers (6% to 8%) over time, replacing previous fixed percentages. These changes directly affect licensed cigarette wholesalers and retailers operating in Mississippi by altering how "unfair" sales are determined under current law. The bill died in committee on February 4, 2025, and was never enacted. Note: The title is misleading, as the bill specifically concerns cigarette sales costs, not general small business fair trade.