A08915 Summary:
BILL NO | A08915 |
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SAME AS | SAME AS S07139 |
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SPONSOR | Epstein |
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COSPNSR | Simon, Mosley, Gottfried, D'Urso, Blake, Taylor |
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MLTSPNSR | Frontus |
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Amd 424 & 171-a, Tax L | |
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Relates to increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes be deposited to the credit of SUNY and CUNY; increases such taxes to thirty cents per gallon. |
A08915 Actions:
BILL NO | A08915 | |||||||||||||||||||||||||||||||||||||||||||||||||
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12/30/2019 | referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
01/08/2020 | referred to ways and means |
A08915 Memo:
Go to topNEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)   BILL NUMBER: A8915 SPONSOR: Epstein
  TITLE OF BILL: An act to amend the tax law, in relation to increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes to be deposited to the credit of the state university of New York and the city university of New York   SUMMARY OF PROVISIONS: This bill would increase the current $0.14 per gallon tax on beer to $0.30, potentially generating $51 million in additional revenue that would be split between the State University of New York and the City University of New York.   JUSTIFICATION: According to the Tax Foundation, New York has one of the lowest beer taxes in the country. This bill raises the beer tax to the same level of the state's modest wine tax of $0.30 per gallon, bringing it in line with the majority of other states' beer taxes and providing a revenue stream for the State University of New York and the City University of New York.   PRIOR LEGISLATIVE HISTORY: New bill.   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: The current $0.14 per gallon beer tax generated approximately $45 million in revenue in 2018. Raising the tax to the $0.30 could increase revenue to the state by $51 million, generating a total of $96 million.   EFFECTIVE DATE: April 21st, 2021
A08915 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 8915 2019-2020 Regular Sessions IN ASSEMBLY December 30, 2019 ___________ Introduced by M. of A. EPSTEIN -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to increasing the taxes imposed on distributors of beers and to directing revenue generated from such taxes to be deposited to the credit of the state university of New York and the city university of New York The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (a) of subdivision 1 of section 424 of the tax 2 law, as amended by section 1 of part X-1 of chapter 57 of the laws of 3 2009, is amended to read as follows: 4 (a) [Fourteen] Thirty cents per gallon upon beers; 5 § 2. Section 171-a of the tax law, as separately amended by chapters 6 481 and 484 of the laws of 1981, is amended by adding a new subdivision 7 3 to read as follows: 8 3. Notwithstanding subdivision one of this section or any other 9 provision of law to the contrary, fifty percent of the taxes imposed 10 pursuant to paragraph (a) of subdivision one of section four hundred 11 twenty-four of this chapter, reduced by an amount for administrative 12 costs, shall be deposited, as such taxes are received, as follows: (a) 13 half of such revenue shall be deposited to the credit of the state 14 university of New York; and (b) half of such revenue shall be deposited 15 to the credit of the city university of New York. The amount for admin- 16 istrative costs shall be determined by the commissioner to represent 17 reasonable costs of the department of taxation and finance in adminis- 18 tering, collecting, determining and distributing such taxes. Of the 19 total revenue collected or received under such section of this chapter, 20 the comptroller shall retain in his hands such amount as the commission- 21 er may determine to be necessary for refunds or reimbursements under 22 such section of this chapter out of which amount the comptroller shall 23 pay any refunds or reimbursements to which taxpayers shall be entitled EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14218-02-9A. 8915 2 1 under provisions of such section. The commissioner and the comptroller 2 shall maintain a system of accounts showing the amount of revenue 3 collected or received from each of the taxes imposed by such section. 4 § 3. This act shall take effect April 1, 2021. Effective immediately, 5 the addition, amendment and/or repeal of any rule or regulation neces- 6 sary for the implementation of this act on its effective date are 7 authorized to be made and completed on or before such effective date.