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Bill > S04874
NY S04874
NY S04874Imposes an excise tax on sugary drinks; establishes a community health equity fund to utilize the revenues generated by such tax.
summary
Introduced
02/16/2023
02/16/2023
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 and the state finance law, in relation to imposing an excise tax on sugary drinks; and to amend the public health law, in relation to community health benefits
AI Summary
This bill imposes an excise tax on sugary drinks and establishes a Community Health Equity Fund to utilize the revenues generated by the tax. The tax rates vary based on the amount of sugar in the beverage, with a higher tax rate for beverages with more than 30 grams of sugar per 12 fluid ounces. The bill also allows municipalities to impose their own local taxes on sugary drinks. Revenues from the tax will be deposited into the Community Health Equity Fund, which will be used to support programs related to food access, community nutrition, physical activity, and reducing nutrition-related chronic illnesses.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
Official Document
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