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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
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 and the state finance law, in relation to imposing a state excise tax on sweetened beverage manufacturers
Purpose
This bill would impose an excise on sweetened beverage manufacturers.
Summary of provisions
Section 1 of the bill would amend Tax Law § 171-a(1) to provide for the disposition of the taxes, interest, and penalties collected under the new tax structure.
Section 2 of the bill would create a new Tax Law Article 16 entitled, "Point of Manufacturer Excise Tax on Sweetened Beverages". This new article imposes an excise tax at the following rates on: (1) syrups or simple syrups, for which the tax rate would be $10.00 per gallon; (2) bottled soft drinks, for which the tax rate would be $1.50 per gallon; and powders or base products, for which the tax rate would be $1.50 per gallon of soft drink that is produced from each package or container by following the manufacturer's directions. The new article also provides for certain exemptions.
Sections 3 and 4 make certain changes to the tax law relating to the new excise.
Section 5 provides for the effective date.
Justification
The average American consumes approximately thirty five gallons of non-diet soda each year. Sweetened beverages have become a major source of obesity and linked to diabetes, heart disease and dental problems. One new study estimates that twenty-four million Americans now suffer from diabetes--more than four times the number in 1980. The total direct and indirect cost to Americans caused by diabetes is approximately $218,000,000,000 each year--an average of $1,900 per American household. Diabetes also contributes to the deaths of more than two hundred thousand Americans.
Existing law
None.
Legislative history
New bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect in 180 days after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.