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NY A05284
Bill
Status
2/12/2025
Primary Sponsor
Philip Ramos
Click for details
AI Summary
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Defines "premium cigar" as a cigar wrapped in whole leaf tobacco with 100% leaf tobacco binder, manually assembled with no filter or non-tobacco mouthpiece, hand-capped, and weighing more than six pounds per thousand units
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Sets excise tax on premium cigars at 75% of wholesale price or fifty cents per cigar, whichever is less
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Exempts premium cigars from the standard tobacco products tax rate of 75% of wholesale price with no cap
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Tax is intended to be imposed only once upon the sale of any premium cigars
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Provisions expire and are automatically repealed 3 years after the effective date
Legislative Description
Provides that certain persons shall not be deemed a distributor for certain sales of premium cigars; provides that the tax on premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any premium cigars; defines "premium cigar".
Last Action
print number 5284b
3/11/2026