The bill amends the Youth Tobacco Act to strengthen regulations on the sale and distribution of nicotine and tobacco products, particularly to individuals under 21 years of age. It introduces provisions that prohibit the sale, giving, or furnishing of these products to minors and establishes a "nicotine and tobacco regulation fund" to support enforcement efforts, including retailer licensing and associated fees. Retailers are required to verify the age of customers through photographic identification and display signage at points of sale regarding legal restrictions. The bill also outlines penalties for violations, including administrative fines and potential license suspensions or revocations for non-compliance.

Additionally, the bill includes amendments related to the licensing process for retailers, requiring applicants to notify the department of any changes within five business days and mandating the issuance of a certificate of licensure for qualified applicants. It specifies the renewal process for licenses, with applications due between 90 days before and 60 days after expiration, and a renewal fee of $500. Licenses are non-transferable and become void if ownership changes or if the licensee stops selling nicotine or tobacco products. The bill also establishes training requirements for licensees and their employees, empowers the department to deny or revoke licenses for infractions, and mandates public reporting on licensing and inspection activities starting in 2027. The act will take effect only if related bills are enacted into law.