Bill
Bill > A03376
NY A03376
NY A03376Provides 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"; provides for the repeal of such provisions upon expiration thereof.
summary
Introduced
02/02/2023
02/02/2023
In Committee
02/02/2023
02/02/2023
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 premium cigars; and providing for the repeal of such provisions upon expiration thereof
AI Summary
This bill amends the New York tax law to establish a specific tax rate for "premium cigars." The tax on premium cigars will be set at the rate of 75% of the wholesale price or 50 cents, whichever is less, and this tax is intended to be imposed only once upon the sale of any premium cigars. The bill also provides a definition of "premium cigar" based on criteria such as being wrapped in whole leaf tobacco, containing a 100% leaf tobacco binder, and weighing more than six pounds per 1,000 units. Additionally, the bill includes a provision for the repeal of these new provisions after 3 years.
Committee Categories
Budget and Finance
Sponsors (16)
Carrie Woerner (D)*,
Scott Bendett (R),
Karl Brabenec (R),
Catalina Cruz (D),
Brian Cunningham (D),
Patricia Fahy (D),
Ed Flood (R),
Jeff Gallahan (R),
Scott Gray (R),
Brian Manktelow (R),
John McDonald (D),
John McGowan (R),
Phil Ramos (D),
Phil Steck (D),
Clyde Vanel (D),
Ken Zebrowski (D),
Last Action
enacting clause stricken (on 12/01/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...