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NY S08242
Bill
Status
2/7/2022
Primary Sponsor
Michelle Hinchey
Click for details
AI Summary
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Increases the handling fee paid by deposit initiators to dealers and redemption center operators from 3.5 cents to 5 cents per beverage container accepted.
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Reduces the quarterly payment requirement for deposit initiators to the commissioner of taxation and finance from 80 percent to 47 percent of the outstanding refund value account balance.
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Allows deposit initiators to retain 53 percent of the quarterly refund value account balance (increased from 20 percent) for their own use.
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Applies the reduced 47 percent payment requirement to final reports filed when deposit initiators cease operations in New York.
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Takes effect April 1, 2022.
Legislative Description
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.
Last Action
REFERRED TO ENVIRONMENTAL CONSERVATION
2/7/2022