Bill Text: NY S06741 | 2021-2022 | General Assembly | Amended

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Bill Title: Provides that the tax on 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".

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2022-03-07 - PRINT NUMBER 6741A [S06741 Detail]

Download: New_York-2021-S06741-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         6741--A

                               2021-2022 Regular Sessions

                    IN SENATE

                                      May 13, 2021
                                       ___________

        Introduced by Sens. RAMOS, COONEY -- read twice and ordered printed, and
          when printed to be committed to the Committee on Budget and Revenue --
          recommitted  to the Committee on Budget and Revenue in accordance with
          Senate Rule 6, sec. 8 -- 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

          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" has the same meaning as  defined  by  the  federal
     4  food and drug administration.
     5    §  2.  Paragraph (a) of subdivision 1 of section 471-b of the tax law,
     6  as amended by section 18 of part D of chapter 134 of the laws  of  2010,
     7  is amended to read as follows:
     8    (a)  Such tax on tobacco products other than premium cigars, snuff and
     9  little cigars shall be at the rate of seventy-five percent of the whole-
    10  sale price, and is intended to be imposed only once upon the sale of any
    11  tobacco products other than premium cigars, snuff and little cigars.
    12    § 3. Subdivision 1 of section 471-b of  the  tax  law  is  amended  by
    13  adding a new paragraph (d) to read as follows:
    14    (d)  Such  tax  on premium cigars shall be at the rate of seventy-five
    15  percent of the wholesale price or fifty cents, whichever is less, and is
    16  intended to be imposed only once upon the sale of any premium cigars.
    17    § 4.  This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11062-03-2