A bill to amend the Internal Revenue Code of 1954 to increase the excise tax on cigarettes to 28 cents a pack.

Amends the Internal Revenue Code to increase the excise tax on small cigarettes from $8 to $14 per thousand. Increases the excise tax on large cigarettes from $16.80 to $29.40 per thousand.

Imposes a floor stock tax of $6 per thousand on small cigarettes and $12.60 per thousand on large cigarettes. Exempts retailers from the floor stock taxes.

Repeals the 1985 termination date for increases in the excise tax on cigarettes.