Bill Text: NY S07569 | 2023-2024 | General Assembly | Introduced

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Bill Title: Excludes cigarettes on hand prior to September 1, 2023 from the tax increase where a cigarette tax stamp has been affixed as of the close of business on August 31, 2023.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO BUDGET AND REVENUE [S07569 Detail]

Download: New_York-2023-S07569-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7569

                               2023-2024 Regular Sessions

                    IN SENATE

                                      June 7, 2023
                                       ___________

        Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules

        AN ACT to amend part S of chapter 59 of the laws of  2023  amending  the
          tax  law  relating  to  increasing  the  rate of tax on cigarettes, in
          relation to the tax increase of certain cigarettes on  hand  prior  to
          September 1, 2023

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 3 of part S of chapter 59  of  the  laws  of  2023,
     2  amending  the  tax  law  relating to increasing the rate of tax on ciga-
     3  rettes, is amended to read as follows:
     4    § 3. Notwithstanding any other provision of law to the  contrary,  the
     5  tax  due  on  cigarettes  possessed in New York state as of the close of
     6  business on August 31, 2023, by any person for sale solely  attributable
     7  to the increase imposed by the amendments to section 471 of the tax law,
     8  as  amended  by  section  one of this act, shall be paid by November 20,
     9  2023, subject to such terms and conditions as the commissioner of  taxa-
    10  tion  and  finance  shall  prescribe. Provided further that the increase
    11  imposed by the amendments to section 471 of the tax law, as  amended  by
    12  section one of this act, shall not apply to any cigarettes in possession
    13  of any person as of the close of business on August 31, 2023 for which a
    14  cigarette tax stamp has been affixed.
    15    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11753-01-3