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Bill > S07139
NY S07139
NY S07139Relates 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
01/08/2020
01/08/2020
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
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 increases the taxes imposed on distributors of beers from 14 cents to 30 cents per gallon. The revenue generated from this tax increase will be deposited, with 50% going to the credit of the State University of New York (SUNY) and 50% going to the credit of the City University of New York (CUNY). The bill also authorizes the necessary rules and regulations to be made and completed by the effective date of April 1, 2021.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/08/2020)
Official Document
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