Bill > A00274

This bill increases tax rates on tobacco and vapor products in New York State. Specifically, the legislation raises the tax on tobacco products from 75% to 129% of the wholesale price, which means consumers will pay significantly more for these items. For vapor products, the retail sale tax is increased from 20% to 48%. The bill removes previous language about specific taxes on snuff (a type of smokeless tobacco) and simplifies the tax structure. The tax is imposed on the seller, who is required to collect it on behalf of the state, and is intended to be collected only once per sale. The bill aims to potentially discourage tobacco and vapor product consumption by making these products more expensive, while also generating additional tax revenue for the state. The tax increase applies to all tobacco products possessed in the state for sale, with some exceptions for sales to the United States government or military organizations. The new tax rates will take effect immediately upon the bill's passage.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A274