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.
Impact
The introduction of A09318 could significantly affect local businesses that sell alcoholic beverages, impacting their pricing structures and potentially altering consumer behavior regarding alcohol purchases. The revenue generated from this tax is designated for deposit into the New York state drug treatment and public education fund, which could enhance public health initiatives and educational programs focused on substance abuse prevention. The bill's implementation might lead to a more substantial state-led effort to combat drug-related issues through improved funding.
Summary
Bill A09318 aims to establish a new excise tax of five percent on the sale or transfer of alcoholic beverages at retail. This tax is to be imposed on sellers of alcoholic beverages and will accrue at the time of sale, whether the beverages are consumed on the premises or taken off-site. The purpose of this legislation is to provide a specific funding mechanism directed towards addressing issues associated with drug treatment and public education within the state of New York.
Contention
While the bill presents potential benefits, it may also face opposition from various stakeholders. Opponents may argue that increasing taxes on alcoholic beverages could disproportionately affect lower-income consumers and lead to decreased sales for small business owners in the beverage industry. Additionally, there may be concerns regarding the effectiveness of utilizing revenue from alcohol sales for drug treatment and education, as critics might suggest more comprehensive approaches are needed to address addiction issues in the community.
Same As
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.
Creates new taxable category of alcoholic beverages called flavored malt beverages, imposes separate rate of taxation on new category pursuant to alcoholic beverages tax and allocates associated revenue.
Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.
Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.
Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.
Enacts the "hemp beverage and taxation act"; defines cannabinoid hemp beverage; prohibits the sale of cannabinoid hemp beverages to persons twenty-one years of age or older; provides requirements for the product or labeling of such products; provides for offenses for persons under the age of twenty-one years who purchase or attempt to purchase a cannabinoid hemp beverage through fraudulent means and persons who procure such beverages for persons under the age of twenty-one years; imposes advertising requirements; imposes a tax on cannabinoid hemp products; provides for the disbursement of revenues collected pursuant to Article 20-e of the Tax Law.