Bill Text: NY S07428 | 2023-2024 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Increases the handling fee paid by a deposit initiator to a dealer or operator of a redemption center from three and one half cents to five cents per container; decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from eighty to forty-seven percent of the balance of initiator's refund value account; provides for registration as a redemption center.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-05-10 - PRINT NUMBER 7428A [S07428 Detail]
Download: New_York-2023-S07428-Introduced.html
Bill Title: Increases the handling fee paid by a deposit initiator to a dealer or operator of a redemption center from three and one half cents to five cents per container; decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from eighty to forty-seven percent of the balance of initiator's refund value account; provides for registration as a redemption center.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-05-10 - PRINT NUMBER 7428A [S07428 Detail]
Download: New_York-2023-S07428-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7428 2023-2024 Regular Sessions IN SENATE May 24, 2023 ___________ Introduced by Sen. HINCHEY -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conservation AN ACT to amend the environmental conservation law, in relation to the handling fee paid to any dealer or operator of a redemption center The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 6 of section 27-1007 of the environmental 2 conservation law, as added by section 4 of part SS of chapter 59 of the 3 laws of 2009, is amended to read as follows: 4 6. In addition to the refund value of a beverage container as estab- 5 lished by section 27-1005 of this title, a deposit initiator shall pay 6 to any dealer or operator of a redemption center a handling fee of 7 [three and one-half] five cents for each beverage container accepted by 8 the deposit initiator from such dealer or operator of a redemption 9 center. Payment of the handling fee shall be as compensation for 10 collecting, sorting and packaging of empty beverage containers for 11 transport back to the deposit initiator or its designee. Payment of the 12 handling fee may not be conditioned on the purchase of any goods or 13 services, nor may such payment be made out of the refund value account 14 established pursuant to section 27-1012 of this title. A distributor who 15 does not initiate deposits on a type of beverage container is considered 16 a dealer only for the purpose of receiving a handling fee from a deposit 17 initiator. 18 § 2. Paragraphs a and c of subdivision 4 of section 27-1012 of the 19 environmental conservation law, as added by section 8 of part SS of 20 chapter 59 of the laws of 2009, are amended to read as follows: 21 a. Quarterly payments. An amount equal to [eighty] forty-seven percent 22 of the balance outstanding in the refund value account at the close of 23 each quarter shall be paid to the commissioner of taxation and finance 24 at the time the report provided for in subdivision three of this section 25 is required to be filed. The commissioner of taxation and finance may EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07158-01-3S. 7428 2 1 require that the payments be made electronically. The remaining [twen-2ty] fifty-three percent of the balance outstanding at the close of each 3 quarter shall be the monies of the deposit initiator and may be with- 4 drawn from such account by the deposit initiator. If the provisions of 5 this section with respect to such account have not been fully complied 6 with, each deposit initiator shall pay to such commissioner at such 7 time, in lieu of the amount described in the preceding sentence, an 8 amount equal to the balance which would have been outstanding on such 9 date had such provisions been fully complied with. The commissioner of 10 taxation and finance may require that the payments be made electron- 11 ically. 12 c. Final report. A deposit initiator who ceases to do business in this 13 state as a deposit initiator shall file a final report and remit payment 14 of [eighty] forty-seven percent of all amounts remaining in the refund 15 value account as of the close of the deposit initiator's last day of 16 business. The commissioner of taxation and finance may require that the 17 payments be made electronically. The deposit initiator shall indicate on 18 the report that it is a "final report". The final report is due to be 19 filed with payment twenty days after the close of the quarterly period 20 in which the deposit initiator ceases to do business. In the event the 21 deposit initiator pays out more in refund values than it collects in 22 such final quarterly period, the deposit initiator may apply to the 23 commissioner of taxation and finance for a refund of the amount of such 24 excess payment of refund values from sources other than the refund value 25 account, in the manner as provided by the commissioner of taxation and 26 finance. 27 § 3. This act shall take effect April 1, 2024.