STATE OF NEW YORK
        ________________________________________________________________________

                                          3496

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 31, 2023
                                       ___________

        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, but more than two per centum of alcohol per volume,  produced
    16  in  this  state  in the taxable year, the credit shall equal two dollars
    17  and fifty-four cents per gallon;
    18    v. liquors containing more than zero per centum of alcohol by  volume,
    19  but  not more than two per centum of alcohol by volume, produced in this
    20  state in the taxable year, the credit shall equal zero;
    21    vi. all other liquors produced in this state in the taxable year,  the
    22  credit shall equal six dollars and forty-four cents per gallon; and
    23    § 2. This act shall take effect immediately and shall apply to taxable
    24  years beginning on or after January 1, 2023.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04491-01-3