Master Settlement Agreement (MSA)
Under the original Master Settlement Agreement, leading tobacco companies agreed to change the way tobacco products are marketed and pay the states an estimated $206 billion. The tobacco companies also agreed to finance a $1.5 billion anti-smoking campaign, open previously secret industry documents and disband industry trade groups which Attorneys General maintain conspired to conceal damaging research from the public. The tobacco companies who originally and have since signed the Master Settlement Agreement are considered participating manufacturers (PM). Tobacco companies who have not signed the Master Settlement Agreement are considered non-participating manufacturers (NPM).
For more information, see Publication FYI Excise 18, Master Tobacco Settlement Agreement.