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NY S02133
Bill
Status
1/15/2025
Primary Sponsor
Jessica 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, hand-capped with no filter or non-tobacco mouthpiece, and weighing more than six pounds per thousand units
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Caps the excise tax on premium cigars at the lesser of 75% of wholesale price or 50 cents per cigar, compared to the standard 75% wholesale price tax on other tobacco products
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Excludes premium cigars from the general tobacco products tax category, placing them in a separate tax classification alongside snuff and little cigars
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The tax changes take effect immediately but automatically expire and are repealed 3 years after enactment
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 2133A
3/12/2026