Provides that the tax on premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any premium cigars; defines "premium cigar"; provides for the repeal of such provisions upon expiration thereof.
S T A T E O F N E W Y O R K
________________________________________________________________________
8912
I N A S S E M B L Y
January 26, 2024
___________
Introduced by M. of A. RAMOS -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to excise taxes on premium
cigars; and providing for the repeal of such provisions upon expira-
tion thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 470 of the tax law is amended by adding a new
subdivision 22 to read as follows:
22. "PREMIUM CIGAR." A CIGAR THAT:
(A) IS WRAPPED IN WHOLE LEAF TOBACCO; AND
(B) CONTAINS A ONE HUNDRED PERCENT LEAF TOBACCO BINDER; AND
(C) IS MADE BY MANUALLY COMBINING THE WRAPPER, FILLER, AND BINDER; AND
(D) HAS NO FILTER, TIP, OR NON-TOBACCO MOUTHPIECE AND IS CAPPED BY
HAND; AND
(E) WEIGHS MORE THAN SIX POUNDS PER ONE THOUSAND UNITS.
§ 2. Paragraph (a) of subdivision 1 of section 471-b of the tax law,
as amended by section 18 of part D of chapter 134 of the laws of 2010,
is amended to read as follows:
(a) Such tax on tobacco products other than PREMIUM CIGARS, snuff and
little cigars shall be at the rate of seventy-five percent of the whole-
sale price, and is intended to be imposed only once upon the sale of any
tobacco products other than PREMIUM CIGARS, snuff and little cigars.
§ 3. Subdivision 1 of section 471-b of the tax law is amended by
adding a new paragraph (d) to read as follows:
(D) SUCH TAX ON PREMIUM CIGARS SHALL BE AT THE RATE OF SEVENTY-FIVE
PERCENT OF THE WHOLESALE PRICE OR FIFTY CENTS, WHICHEVER IS LESS, AND IS
INTENDED TO BE IMPOSED ONLY ONCE UPON THE SALE OF ANY PREMIUM CIGARS.
§ 4. This act shall take effect immediately and shall expire and be
deemed repealed 3 years after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06291-04-4
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