Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 24, 2025 |
referred to budget and revenue |
Senate Bill S7641
2025-2026 Legislative Session
Sponsored By
(D) 34th Senate District
Current Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2025-S7641 (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §498, Tax L
2025-S7641 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7641 SPONSOR: FERNANDEZ TITLE OF BILL: An act to amend the tax law, in relation to designating revenue collected by the opioid excise tax for the New York state drug treatment and public education fund PURPOSE OR GENERAL IDEA OF BILL: Designates revenue collected by the opioid excise tax for the New York state drug treatment and public education fund. SUMMARY OF PROVISIONS: Section 1 sets the destination of funds created by the opioid excise tax. Section 2 sets the effective date.
2025-S7641 (ACTIVE) - Bill Text download pdf
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
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