What is the minimum markup increase set by the Unfair Cigarette Sales Law?

Generally, retailers may not advertise or sell cigarettes for less than the basic cost of the cigarettes plus a minimum markup amount, which is set by the Unfair Cigarette Sales Law. The Tennessee General Assembly recently passed legislation that increases the minimum markup from 8% to 15%. This increase will be implemented in three phases between July 1, 2015 and July 1, 2017.

For more information, see important notice 15-10.