Bill
Bill > A03501
NY A03501
NY A03501Relates to increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes be deposited to the credit of SUNY and CUNY; increases such taxes to thirty cents per gallon.
summary
Introduced
02/03/2023
02/03/2023
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 increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes to be deposited to the credit of the state university of New York and the city university of New York
AI Summary
This bill amends the Tax Law to increase the taxes imposed on distributors of beers from 14 cents per gallon to 30 cents per gallon. The revenue generated from this increased tax will be deposited, with 50% going to the credit of the State University of New York (SUNY) and 50% going to the credit of the City University of New York (CUNY), after deducting a reasonable amount for the administrative costs of the Department of Taxation and Finance. The bill will take effect on April 1, 2025, and the necessary rules and regulations for its implementation are authorized to be made and completed by that date.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
referred to ways and means (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/A3501 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03501&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03501 |
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