Bill
Bill > S08242
NY S08242
NY S08242Increases the handling fee paid by a deposit initiator to a dealer or operator of a redemption center from three and one half cents to five cents per container; decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from eighty to forty-seven percent of the balance of initiator's refund value account.
summary
Introduced
02/07/2022
02/07/2022
In Committee
02/07/2022
02/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Increases the handling fee paid by a deposit initiator to a dealer or operator of a redemption center from three and one half cents to five cents per container; decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from eighty to forty-seven percent of the balance of initiator's refund value account.
AI Summary
This bill increases the handling fee paid by a deposit initiator to a dealer or operator of a redemption center from 3.5 cents to 5 cents per container. Additionally, it decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from 80% to 47% of the balance of the initiator's refund value account, with the remaining 53% being the monies of the deposit initiator that can be withdrawn.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
REFERRED TO ENVIRONMENTAL CONSERVATION (on 02/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S8242 | 02/08/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08242&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08242 | 02/08/2022 |
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