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NY A11123

Bill

Status

Introduced

11/6/2020

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2019-2020 General Assembly

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