A00086
Type: B Origin: Assembly New York Comments: 0

Increases The Tax Imposed On The Sale Of Certain Tobacco Products From 75% To 129% And Increases The Tax Imposed On The Retail Sale Of Vapor Products From 20% To 48%; Makes Conforming Changes.

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The bill proposes to raise the tax rates on specific tobacco products and vapor products significantly. It suggests increasing the tax on certain tobacco products from 75% to 129% and on retail sales of vapor products from 20% to 48%. The bill also includes adjustments to ensure consistency with these tax rate changes. If enacted, this bill would lead to higher taxes on these products, potentially impacting consumers, businesses in the industry, and public health initiatives related to tobacco and vapor product use.

Bill Activity

  • 2023-01-04: referred to ways and means

  • 2024-01-03: referred to ways and means

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