S T A T E O F N E W Y O R K
________________________________________________________________________
7641
2025-2026 Regular Sessions
I N S E N A T E
April 24, 2025
___________
Introduced by Sen. FERNANDEZ -- 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 designating revenue
collected by the opioid excise tax for the New York state drug treat-
ment and public education fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 498 of the tax law is amended by adding a new
subdivision (h) to read as follows:
(H) ALL TAXES, INTEREST AND PENALTIES COLLECTED OR RECEIVED BY THE
COMMISSIONER UNDER THIS SECTION SHALL BE DEPOSITED AND DISPOSED OF
PURSUANT TO THE PROVISIONS OF SECTION ONE HUNDRED SEVENTY-ONE-A OF THIS
CHAPTER, PROVIDED THAT AN AMOUNT EQUAL TO ONE HUNDRED PERCENT COLLECTED
UNDER THIS SECTION LESS ANY AMOUNT DETERMINED BY THE COMMISSIONER TO BE
RESERVED BY THE COMPTROLLER FOR REFUNDS OR REIMBURSEMENTS SHALL BE PAID
BY THE COMPTROLLER TO THE CREDIT OF THE NEW YORK STATE DRUG TREATMENT
AND PUBLIC EDUCATION FUND CREATED IN SECTION NINETY-NINE-JJ OF THE STATE
FINANCE LAW.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08768-02-5