Bill > A07789

This bill amends the New York State tax law to extend the payment period for cigarette tax stamps from 30 to 45 days for licensed agents. Currently, agents who purchase cigarette tax stamps from the state commissioner are required to pay for those stamps within 30 days of purchase, but this legislation will increase that timeframe to 45 days. The bill modifies language in section 472 of the tax law, updating references to gender-neutral terms (changing "he" to "their") and specifically changing the payment window from "thirty" to "forty-five" days. This change provides cigarette dealers and distributors with more flexibility in managing their tax stamp purchases by giving them an additional 15 days to make payment. The bill will take effect 60 days after becoming law, and agents purchasing tax stamps will still be required to obtain a license, pay a filing fee (currently $1,500 or $1,000 depending on recent prior licensing), and may be required to provide a bond or security to the Department of Taxation and Finance.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7789