Bill Text: NY A03376 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: 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.

Spectrum: Bipartisan Bill

Status: (Introduced) 2023-12-01 - enacting clause stricken [A03376 Detail]

Download: New_York-2023-A03376-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3376

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 2, 2023
                                       ___________

        Introduced by M. of A. WOERNER, STECK, FAHY -- 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

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.    Section  470  of the tax law is amended by adding a new
     2  subdivision 22 to read as follows:
     3    22. "Premium cigar" has the same meaning as  defined  by  the  federal
     4  food and drug administration.
     5    §  2.  Paragraph (a) of subdivision 1 of section 471-b of the tax law,
     6  as amended by section 18 of part D of chapter 134 of the laws  of  2010,
     7  is amended to read as follows:
     8    (a)  Such tax on tobacco products other than premium cigars, snuff and
     9  little cigars shall be at the rate of seventy-five percent of the whole-
    10  sale price, and is intended to be imposed only once upon the sale of any
    11  tobacco products other than premium cigars, snuff and little cigars.
    12    § 3. Subdivision 1 of section 471-b of  the  tax  law  is  amended  by
    13  adding a new paragraph (d) to read as follows:
    14    (d)  Such  tax  on premium cigars shall be at the rate of seventy-five
    15  percent of the wholesale price or fifty cents, whichever is less, and is
    16  intended to be imposed only once upon the sale of any premium cigars.
    17    § 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