NY S07022

Changes the tobacco products tax from being imposed on products "possessed in this state by any person for sale" to products "sold, shipped or delivered within this state by any person"

Requires distributors to report and pay tax on all tobacco products "sold, shipped or delivered within this state" rather than only on products "imported or caused to be imported into the state" or "manufactured in the state"

Authorizes the commissioner of taxation and finance to establish procedures allowing distributors to claim credits against previously paid taxes to offset taxes due after the act's effective date

Becomes effective on the first day of the month occurring at least 90 days after enactment, with the commissioner authorized to adopt rules and forms needed for implementation