Bill

Bill > S04527


NY S04527

NY S04527
Relates to the taxation of vapor products; provides for the licensing of vapor products distributors; imposes certain tax return filing requirements on vapor products distributors; provides for enforcement powers.


summary

Introduced
02/06/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to the taxation of vapor products

AI Summary

This bill establishes a comprehensive regulatory framework for vapor products in New York State, focusing on taxation, licensing, and product restrictions. The legislation introduces a 20% tax on the wholesale price of vapor products, to be collected by vapor products distributors. It mandates that any business intending to distribute vapor products must obtain a license from the commissioner, which involves a $300 application fee and requires annual renewal. The bill defines key terms like "nicotine analogue" and "flavored vapor product" and prohibits the sale of flavored nicotine analogue products. Distributors must now maintain detailed records and submit monthly returns, and the bill establishes strict enforcement mechanisms, including potential license suspension or revocation for violations. Additionally, the bill creates a state directory of vapor products, requiring manufacturers and importers to submit detailed information about their products, including FDA authorization status, with application fees of $1,000 per product and annual renewal fees of $500. Penalties for non-compliance range from civil fines to potential criminal misdemeanor charges, and the bill empowers state officials to seize and destroy non-compliant products. The comprehensive nature of the legislation aims to regulate the vapor product market more stringently, with a particular focus on preventing sales of flavored products and ensuring tax compliance.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/07/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...