Bill
Bill > A08912
NY A08912
NY A08912Provides 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
01/26/2024
01/26/2024
In Committee
01/26/2024
01/26/2024
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 premium cigars; and providing for the repeal of such provisions upon expiration thereof
AI Summary
This bill amends the New York tax law to impose a tax on premium cigars at a rate of 75% of the wholesale price or 50 cents, whichever is less. The bill defines "premium cigar" as a cigar that is wrapped in whole leaf tobacco, contains a 100% leaf tobacco binder, is manually combined, has no filter or tip, and weighs more than 6 pounds per 1,000 units. The bill also specifies that the tax on premium cigars is intended to be imposed only once upon the sale of any premium cigars, and it provides for the repeal of these provisions after 3 years.
Committee Categories
Budget and Finance
Sponsors (11)
Phil Ramos (D)*,
Maritza Davila (D),
Erik Dilan (D),
Alicia Hyndman (D),
Nikki Lucas (D),
John McDonald (D),
Karines Reyes (D),
Rebecca Seawright (D),
Carrie Woerner (D),
John Zaccaro (D),
Ken Zebrowski (D),
Last Action
referred to ways and means (on 01/26/2024)
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/A8912 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A08912&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08912 |
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