S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8996
 
                           I N  A S S E M B L Y
 
                             January 10, 2018
                                ___________
 
 Introduced  by  M. of A. MORELLE, CYMBROWITZ, SIMOTAS, WOERNER, DICKENS,
   McDONALD, TAYLOR, MAGNARELLI, THIELE, ZEBROWSKI, JONES, D'URSO, LUPAR-
   DO, ABBATE -- Multi-Sponsored by -- M. of A. CROUCH, DiPIETRO, GIGLIO,
   McDONOUGH, MONTESANO, OAKS, RA  --  read  once  and  referred  to  the
   Committee on Ways and Means
 
 AN  ACT  to  amend  the tax law, in relation to the amount of credit for
   cider, wine, and liquor under the alcoholic beverage production credit
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  1  of subdivision (b) of section 37 of the tax
 law, as amended by section 1 of part V of chapter  60  of  the  laws  of
 2016, is amended to read as follows:
   (1) for the first five hundred thousand gallons of:
   I. beer[, cider, wine or liquor] produced in this state in the taxable
 year, the credit shall equal fourteen cents per gallon; [and]
   II.  CIDER, ARTIFICIALLY CARBONATED SPARKLING CIDER, AND NATURAL SPAR-
 KLING CIDER, CONTAINING MORE THAN THREE AND  TWO-TENTHS  PER  CENTUM  OF
 ALCOHOL BY VOLUME PRODUCED IN THIS STATE IN THE TAXABLE YEAR, THE CREDIT
 SHALL EQUAL THREE AND SEVENTY-NINE HUNDREDTHS CENTS PER GALLON;
   III.  STILL  WINE, ARTIFICIALLY CARBONATED SPARKLING WINE, AND NATURAL
 SPARKLING WINE PRODUCED IN THIS STATE IN THE TAXABLE  YEAR,  THE  CREDIT
 SHALL EQUAL THIRTY CENTS PER GALLON;
   IV. LIQUORS CONTAINING NOT MORE THAN TWENTY-FOUR PER CENTUM OF ALCOHOL
 BY  VOLUME  PRODUCED IN THIS STATE IN THE TAXABLE YEAR, THE CREDIT SHALL
 EQUAL TWO AND FIFTY-FOUR HUNDREDTHS CENTS PER GALLON;
   V. LIQUORS CONTAINING NOT MORE THAN  TWO  PER  CENTUM  OF  ALCOHOL  BY
 VOLUME  PRODUCED  IN  THIS  STATE  IN THE TAXABLE YEAR, THE CREDIT SHALL
 EQUAL FOUR CENTS PER GALLON;
   VI. ALL OTHER LIQUORS PRODUCED IN THIS STATE IN THE TAXABLE YEAR,  THE
 CREDIT SHALL EQUAL SIX AND FORTY-FOUR HUNDREDTHS CENTS PER GALLON; AND
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on or after January 1, 2018.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13780-02-7