Bill Text: NY S00246 | 2019-2020 | General Assembly | Introduced

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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: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S00246 Detail]

Download: New_York-2019-S00246-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                           246
                               2019-2020 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 9, 2019
                                       ___________
        Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        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 and fifty-four hundredths 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 and forty-four hundredths 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.
                                                                   LBD05760-01-9