Bill

Bill > A08915


NY A08915

NY A08915
Relates to increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes be deposited to the credit of SUNY and CUNY; increases such taxes to thirty cents per gallon.


summary

Introduced
12/30/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes to be deposited to the credit of the state university of New York and the city university of New York

AI Summary

This bill amends the tax law to increase the taxes imposed on distributors of beer from $0.14 per gallon to $0.30 per gallon. The revenue generated from this tax increase will be deposited equally to the credit of the State University of New York (SUNY) and the City University of New York (CUNY), after deducting a portion for administrative costs. The bill is set to take effect on April 1, 2021, and provides for the immediate addition, amendment, or repeal of any necessary rules or regulations to implement the bill on its effective date.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

referred to ways and means (on 01/08/2020)

bill text


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