Provides phased-in increases in cigarette tax rate over four-year period.

This New Jersey bill gradually increases the cigarette tax rate over four years, raising the tax from $2.70 per pack (20 cigarettes) to $4.00 per pack by 2027. The tax will rise to $3.25 per pack starting July 1, 2024; $3.50 per pack in 2025; $3.75 per pack in 2026; and $4.00 per pack beginning July 1, 2027. Retailers and distributors must file annual tax reports and pay the increased tax by September 1 each year using forms provided by the Division of Taxation. The bill maintains current revenue dedications for smoking cessation programs and hospital subsidies, directing any new tax revenue to the General Fund.