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History
- 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.
Relates to the sale of privately held wines and liquors
In Assembly Committee · Economic Development · Sponsor Amy Paulin
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the alcoholic beverage control law, in relation to the sale of privately held wines and liquors
Purpose or general idea of bill
To allow a wine and liquor auction permit holder to conduct unlimited auctions of wine and/or liquor during the period the wine and liquor permit shall be in effect.
Section one amends paragraph b of subdivision 2 of section 99-g of the alcoholic beverage control law to allow a wine and liquor auction permit holder to conduct unlimited auctions of wine and/or liquor during the period the wine and liquor permit shall be in effect.
Justification
In 1994,New York authorized licensed retailers to conduct wine and liquor auctions. As a result, New York became a center of this growing world-wide business, particularly as collectors of fine wines sought to add to their collections, or conversely dispose of them. As the nationwide, and worldwide, interest in wine auctions continues to grow, the current limit of 24 auctions has become an impediment to the industry. Other states, such as California, have no such limit. It should be noted that besides providing jobs, a single auction can typically produce about $75,000 in sales taxes to the state.
In order to maintain its position as a center of the world-wide wine and liquor auction industry, New York should allow unlimited auctions, rather than keep the yearly limit of 24 in place. With frequent internet auctions now becoming the norm, maintaining a numerical limit will force New York retailers to re-locate their auctions to other states or become uncompetitive.
All other controls on the sale of alcoholic beverages will remain in place with this legislation. Only the frequency of such sales is at issue. Retailers must still obtain a permit to conduct auctions, and only retailers with a prescribed amount of experience are eligible to apply for a permit. No change in these restrictions is contemplated.
New York remains a strong competitor in the auction market, but in order to maintain that position, the limit of 24 yearly auctions, which serves no desirable regulatory purpose, should be eliminated.
Prior legislative history
This is a new bill
Fiscal implications
No negative fiscal impact to the state. There is a potential for increased sales tax revenue.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.