Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Feb 08, 2023 | referred to budget and revenue |
senate Bill S4413
Sponsored By
Jessica Ramos
(D, WF) 13th Senate District
Current Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Co-Sponsors
Joseph P. Addabbo Jr
(D) 15th Senate District
Jacob Ashby
(R) 43rd Senate District
Jeremy A. Cooney
(D, WF) 56th Senate District
Nathalia Fernandez
(D) 34th Senate District
S4413 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A3376
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§470 & 471-b, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
S6741, A8156
S4413 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4413 SPONSOR: RAMOS TITLE OF BILL: An act to amend the tax law, in relation to excise taxes on premium cigars PURPOSE: To establish the rate of the tobacco products tax exclusively for premi- um cigars at seventy-five percent of the wholesale price or fifty cents, whichever is less. SUMMARY OF PROVISIONS: Section 1 establishes the definition of "premium cigar" to be consistent with the FDA. Section 2 makes necessary technical amendments to paragraph (a) of subdivision 1 of § 471-b the tax law.
S4413 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4413 2023-2024 Regular Sessions I N S E N A T E February 8, 2023 ___________ Introduced by Sen. RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to excise taxes on premium cigars 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" HAS THE SAME MEANING AS DEFINED BY THE FEDERAL FOOD AND DRUG ADMINISTRATION. § 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06291-01-3
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