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