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Bill > A03140


NY A03140

NY A03140
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
01/22/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 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 per gallon to 30 cents per gallon. It also directs that 50% of the revenue generated from these taxes be deposited into the credit of the State University of New York (SUNY) and the City University of New York (CUNY), with the remaining amount retained for administrative costs and refunds. The bill is set to take effect on April 1, 2023.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

referred to ways and means (on 01/05/2022)

bill text


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