Bill
Bill > S04820
NY S04820
NY S04820Provides that the tax on cigars and premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any cigars or premium cigars; makes related provisions.
summary
Introduced
02/12/2021
02/12/2021
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
Provides that the tax on cigars and premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any cigars or premium cigars; makes related provisions.
AI Summary
This bill amends the New York tax law to provide that the tax on cigars and premium cigars shall be at the rate of 75% of the wholesale price or 50 cents, whichever is less, and is intended to be imposed only once upon the sale of any cigars or premium cigars. The bill also defines "premium cigar" as a roll of tobacco for smoking that meets certain criteria, such as being wrapped in whole tobacco leaf, containing at least 50% long leaf tobacco by weight, and weighing more than 6 pounds per 1,000 units.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S4820 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04820&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04820 |
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