Bill Text: NY S04413 | 2023-2024 | General Assembly | Amended

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Bill Title: Provides 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.

Spectrum: Slight Partisan Bill (Democrat 9-5)

Status: (Introduced) 2024-05-14 - REPORTED AND COMMITTED TO FINANCE [S04413 Detail]

Download: New_York-2023-S04413-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         4413--A

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 8, 2023
                                       ___________

        Introduced  by  Sens.  RAMOS, ADDABBO, ASHBY, COMRIE, COONEY, FERNANDEZ,
          GALLIVAN, MARTINEZ, ORTT, PARKER,  RIVERA,  SEPULVEDA,  STEC  --  read
          twice  and  ordered  printed,  and when printed to be committed to the
          Committee on Budget and Revenue -- committee discharged, bill amended,
          ordered reprinted as amended and recommitted to said committee

        AN ACT to amend the tax law, in relation  to  excise  taxes  on  premium
          cigars;  and  providing for the repeal of such provisions upon expira-
          tion thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.    Section  470  of the tax law is amended by adding a new
     2  subdivision 22 to read as follows:
     3    22. "Premium cigar." A cigar that:
     4    (a) is wrapped in whole leaf tobacco; and
     5    (b) contains a one hundred percent leaf tobacco binder; and
     6    (c) is made by manually combining the wrapper, filler, and binder; and
     7    (d) has no filter, tip, or non-tobacco mouthpiece  and  is  capped  by
     8  hand; and
     9    (e) weighs more than six pounds per one thousand units.
    10    §  2.  Paragraph (a) of subdivision 1 of section 471-b of the tax law,
    11  as amended by section 18 of part D of chapter 134 of the laws  of  2010,
    12  is amended to read as follows:
    13    (a)  Such tax on tobacco products other than premium cigars, snuff and
    14  little cigars shall be at the rate of seventy-five percent of the whole-
    15  sale price, and is intended to be imposed only once upon the sale of any
    16  tobacco products other than premium cigars, snuff and little cigars.
    17    § 3. Subdivision 1 of section 471-b of  the  tax  law  is  amended  by
    18  adding a new paragraph (d) to read as follows:
    19    (d)  Such  tax  on premium cigars shall be at the rate of seventy-five
    20  percent of the wholesale price or fifty cents, whichever is less, and is
    21  intended to be imposed only once upon the sale of any premium cigars.
    22    § 4. This act shall take effect immediately and shall  expire  and  be
    23  deemed repealed 3 years after such date.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06291-02-3