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NY A11123
Bill
Status
Introduced
11/6/2020
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
- Increases the tax rate on tobacco products other than little cigars from 75 percent to 129 percent of wholesale price
- Eliminates the separate $2 per ounce tax on snuff and subjects it to the same tax rate as other tobacco products
- Increases the tax on retail sales of vapor products from 20 percent to 48 percent of receipts
- Makes little cigars subject to the same tax rate imposed on cigarettes under state tax law
- Takes effect immediately upon enactment
Legislative Description
Increases the tax imposed on the sale of certain tobacco products from 75% to 129% and increases the tax imposed on the retail sale of vapor products from 20% to 48%; makes conforming changes.
Last Action
referred to ways and means
11/6/2020
Committee Referrals
Ways and Means11/6/2020
Full Bill Text
No bill text available