Bill Text: NY A06485 | 2019-2020 | General Assembly | Amended

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Bill Title: Relates to the amount of credit for cider, wine, and liquor produced in NYS under the alcoholic beverage production credit; provides parity with beer credit based on the taxes for cider, wine, and liquor.

Spectrum: Partisan Bill (Democrat 16-0)

Status: (Introduced - Dead) 2020-02-11 - enacting clause stricken [A06485 Detail]

Download: New_York-2019-A06485-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         6485--A

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      March 8, 2019
                                       ___________

        Introduced  by  M.  of A. ROMEO, ARROYO, SAYEGH, WILLIAMS, STERN, BURKE,
          THIELE, BRONSON,  McDONALD,  LUPARDO,  BUTTENSCHON,  STIRPE,  McMAHON,
          STECK,  WALLACE  -- Multi-Sponsored by -- M. of A. HEVESI -- read once
          and  referred  to  the  Committee  on  Ways  and  Means  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee

        AN  ACT  to  amend  the tax law, in relation to the amount of credit for
          cider, wine, and liquor under the alcoholic beverage production credit

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

     1    Section  1.  Paragraph  1  of subdivision (b) of section 37 of the tax
     2  law, as amended by section 1 of part V of chapter  60  of  the  laws  of
     3  2016, is amended to read as follows:
     4    (1) for the first five hundred thousand gallons of:
     5    i. beer[, cider, wine or liquor] produced in this state in the taxable
     6  year, the credit shall equal fourteen cents per gallon; [and]
     7    ii.  cider, artificially carbonated sparkling cider, and natural spar-
     8  kling cider, containing more than three and  two-tenths  per  centum  of
     9  alcohol by volume produced in this state in the taxable year, the credit
    10  shall equal three and seventy-nine hundredths cents per gallon;
    11    iii.  still  wine, artificially carbonated sparkling wine, and natural
    12  sparkling wine produced in this state in the taxable  year,  the  credit
    13  shall equal thirty cents per gallon;
    14    iv. liquors containing not more than twenty-four per centum of alcohol
    15  by  volume  produced in this state in the taxable year, the credit shall
    16  equal two dollars and fifty-four cents per gallon;
    17    v. liquors containing not more than  two  per  centum  of  alcohol  by
    18  volume  produced  in  this  state  in the taxable year, the credit shall
    19  equal four cents per gallon;
    20    vi. all other liquors produced in this state in the taxable year,  the
    21  credit shall equal six dollars and forty-four cents per gallon; and
    22    § 2. This act shall take effect immediately and shall apply to taxable
    23  years beginning on or after January 1, 2020.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05760-02-9