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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Exempts from certain taxes the first one thousand five hundred gallons of wine produced and sold or used in this state in each calendar year by a farm winery
In Assembly Committee · Ways And Means · Sponsor William Magee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to exempting from certain taxes the first one thousand five hundred gallons of wine produced and sold or used in this state in each calendar year by a farm winery
Summary of specific provisions
This bill amends section 424 of the tax law by adding a new subdivision 7 that would exempt from the excise taxes on wine the first 1,500 gallons produced and sold by a farm winery.
Justification
The wine industry in New York State has undergone a tremendous renaissance over the past several years. Today the New York wine industry includes over 200 wineries - from Long Island to the Hudson Valley to the Finger Lakes to Lake Erie - producing over 100 million bottles of wine annually, $500 million in aggregate gross sales and $85 million in state and local revenue on top of the 18,000 people they employ statewide and the millions of tourists they draw into the state. It is a major economic force that also provides a market to the almost 1,000 family-owned vineyards across the state. To continue to assist our wineries, this bill would exempt from excise taxes the first 1,500 gallons of wine produced and sold by a farm winery. By providing this relief we can continue to show our support for our small wineries and encourage their growth.
Prior legislative history
New bill.
Fiscal implications
Approximately $60,000 annually.
Effective date
January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.