Designates all taxes, interest and penalties collected by the opioid excise tax for the New York state drug treatment and public education fund.
Impact
The passage of A09311 would have a significant impact on state laws related to healthcare finance and public health policy. By ensuring that funds collected from the opioid excise tax are earmarked for drug treatment and educational programs, it aims to strengthen the state’s response to the opioid epidemic. This obligation could potentially increase the effectiveness of drug treatment services and improve public education efforts regarding opioid abuse, thereby aiming to reduce opioid-related harm in the population.
Summary
A09311 is a legislative proposal that seeks to amend the tax law in New York State by designating all revenue collected from the opioid excise tax to the New York State Drug Treatment and Public Education Fund. The intent of this bill is to ensure that the funds generated from the taxation of opioid products are utilized specifically for combating the opioid crisis through treatment programs and educational initiatives. This bill reflects a strategic approach to managing public health emergencies, emphasizing funding allocation to areas that can provide direct aid to affected communities.
Contention
There may be potential points of contention surrounding A09311, particularly concerning the adequacy of funds generated through the opioid excise tax to meet the burgeoning needs for drug treatment and education. Stakeholders could argue about whether the designated funding is sufficient or if reliance on tax revenue is a sustainable long-term solution. Furthermore, discussions might arise over the accountability in the allocation and use of these funds, striving to ensure that they achieve the intended outcomes without bureaucratic inefficiencies.
Same As
Designates all taxes, interest and penalties collected by the opioid excise tax for the New York state drug treatment and public education fund.
Increases taxes imposed on alcoholic beverages; authorizes twenty percent of tax revenues to be allocated to the New York state drug treatment and public education fund.
Increases taxes imposed on alcoholic beverages; authorizes twenty percent of tax revenues to be allocated to the New York state drug treatment and public education fund.
Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund; requires any New York subdivision that receives funds pursuant to an opioid settlement agreement to spend interest earned on such funds on approved uses.
Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund; requires any New York subdivision that receives funds pursuant to an opioid settlement agreement to spend interest earned on such funds on approved uses.
Imposes an excise tax on any taxpayer engaged in the trade or business of digital asset mining; provides that taxes, interest, and penalties collected or received from such taxes shall be used for prompt assistance to utility customers enrolled in energy affordability programs.
Imposes an excise tax on any taxpayer engaged in the trade or business of digital asset mining; provides that taxes, interest, and penalties collected or received from such taxes shall be used for prompt assistance to utility customers enrolled in energy affordability programs.