Bill
Bill > S00078
NY S00078
NY S00078Provides 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
01/04/2023
01/04/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to excise taxes on cigars and premium cigars
AI Summary
This bill amends the New York state tax law to change the taxation of cigars and premium cigars. It defines "premium cigar" and sets the tax rate on cigars and premium cigars at 75% of the wholesale price or 50 cents, whichever is less, with the intent to impose the tax only once upon the sale of any cigars or premium cigars. The bill also clarifies that the 75% wholesale price tax applies to other tobacco products, excluding cigars and premium cigars.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
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/2023/S78 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00078&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00078 |
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