NY S01647

Excludes refund values received for refillable beverage containers from mandatory deposit into refund value accounts held by deposit initiators.

Removes refillable beverage containers from quarterly reporting requirements to the Commissioner of Taxation and Finance, requiring only non-refillable container information be reported.

Changes quarterly payment requirement from 80 percent of the refund value account balance to 100 percent of the balance owed to the state.

Requires deposit initiators of refillable beverage containers to file annual reports with the Commissioner detailing total deposits initiated, total deposits redeemed, and unclaimed deposits retained.

Takes effect immediately upon enactment.