Bill > A04619

This bill amends New York's tax law to establish a new framework for taxing vapor products, which are defined to include items like e-cigarettes and e-liquids. Key provisions include the imposition of taxes on vapor products, with specific rates applied to prefilled, sealed products based on their liquid volume and an 8% tax on the wholesale price for other vapor products, excluding adult-use cannabis products. The bill introduces the concept of a "vapor products distributor," defining them as entities that import, sell to dealers for resale, or manufacture vapor products, and requiring them to be licensed by the commissioner of taxation and finance. These distributors will be responsible for collecting and remitting the taxes, and will face penalties for non-compliance, including fines and license suspension or revocation. The bill also prohibits the sale of "flavored vapor products," which are defined by their flavor, and establishes enforcement powers for the commissioner, including the ability to inspect businesses, seize non-tax-paid or flavored vapor products, and maintain a directory of authorized vapor products for sale in the state.