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Bill > S04602
NY S04602
NY S04602Imposes an excise tax on sugary drinks; establishes a community health equity fund to utilize the revenues generated by such tax.
summary
Introduced
02/05/2021
02/05/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law and the state finance law, in relation to imposing an excise tax on sugary drinks; and to amend the public health law, in relation to community health benefits
AI Summary
This bill imposes an excise tax on sugary drinks and establishes a community health equity fund to utilize the revenues generated by such tax. The bill defines key terms like "sugary drink," "distributor," and "retailer," and outlines the tax rates on beverages, syrups, and powders based on their sugar content. It also allows municipalities to impose their own local taxes on sugary drinks. The revenue from the taxes will be deposited into the newly created community health equity fund, which will be used to support programs related to food access, nutrition, physical activity, and chronic disease prevention, particularly in communities most affected by health disparities.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
PRINT NUMBER 4602A (on 01/06/2022)
Official Document
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