Bill
Bill > A08156
NY A08156
NY A08156Provides that the tax on 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 premium cigars; defines "premium cigar".
summary
Introduced
07/07/2021
07/07/2021
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; defines "premium cigar".
AI Summary
This bill amends the New York state tax law to provide that the tax on 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 premium cigars. It also defines "premium cigar" as having the same meaning as defined by the federal Food and Drug Administration.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
print number 8156a (on 02/11/2022)
Official Document
bill text
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