Establishing an embodied carbon tax on cigarettes.

HB 1417 imposes a new $0.0015 per cigarette tax based on the carbon emissions from cigarette production ("embodied carbon"), starting October 1, 2025. The tax increases every five years beginning October 2030 by 25% plus the annual inflation rate (measured by CPI), rounded to the nearest cent. This tax applies to cigarette manufacturers or sellers who collect it at the point of sale, with all revenue deposited into the state's general fund. The bill directly affects cigarette producers and retailers by adding this carbon-based tax to existing cigarette excise taxes.