Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 03, 2022 |
referred to budget and revenue |
Senate Bill S9482
2021-2022 Legislative Session
Sponsored By
(D, WF) 31st Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2021-S9482 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10513
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Add Art 19-A §§460 - 462, Tax L; add §92-j, St Fin L; amd §623, Exec L
- Versions Introduced in 2023-2024 Legislative Session:
-
S5476, A1089
2021-S9482 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9482 SPONSOR: JACKSON TITLE OF BILL: An act to amend the tax law, in relation to imposing an excise tax on the sale of ammunition; to amend the state finance law, in relation to establishing the gun violence impact fund; and to amend the executive law, in relation to authorizing the director of the office of victim services to administer grants from the gun violence impact fund PURPOSE: The purpose of this bill is to create a gun violence impact fund through the taxation of the sale of ammunition here in the state of New York. SUMMARY OF PROVISIONS: Section 1 creates a new Article 19-A to the Tax Law for the taxation of ammunition and such funds will be deposited into a new Gun Violence Impact Fund.
2021-S9482 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9482 I N S E N A T E June 3, 2022 ___________ Introduced by Sen. JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to imposing an excise tax on the sale of ammunition; to amend the state finance law, in relation to establishing the gun violence impact fund; and to amend the executive law, in relation to authorizing the director of the office of victim services to administer grants from the gun violence impact fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new article 19-A to read as follows: ARTICLE 19-A EXCISE TAX ON AMMUNITION SECTION 460. IMPOSITION OF TAX. 461. DEPOSIT AND DISPOSITION OF REVENUE. 462. ADMINISTRATIVE PROVISIONS. § 460. IMPOSITION OF TAX. 1. THERE IS HEREBY LEVIED AND IMPOSED AN EXCISE TAX ON THE RETAIL SALE OF AMMUNITION AT THE FOLLOWING RATES: (A) AMMUNITION THAT CONTAINS A SINGLE PROJECTILE THAT MEASURES .22 CALIBER OR LESS SOLD AT RETAIL SHALL BE TAXED AT A RATE OF TWO CENTS PER PROJECTILE. (B) ALL OTHER AMMUNITION OTHER THAN THAT SPECIFIED IN PARAGRAPH (A) OF THIS SUBDIVISION AND SOLD AT RETAIL SHALL BE TAXED AT A RATE OF FIVE CENTS PER PROJECTILE. 2. THE TAX RATES SET FORTH IN THIS SECTION SHALL BE REVIEWED ANNUALLY AND ADJUSTED PERIODICALLY BY THE COMMISSIONER AS NEEDED TO MAINTAIN A CONSISTENT EFFECT RELATIVE TO INFLATION. § 461. DEPOSIT AND DISPOSITION OF REVENUE. ALL TAXES, INTEREST AND PENALTIES COLLECTED OR RECEIVED BY THE COMMISSIONER UNDER THIS ARTICLE SHALL BE DEPOSITED AND DISPOSED OF PURSUANT TO THE PROVISIONS OF SECTION ONE HUNDRED SEVENTY-ONE-A OF THIS CHAPTER, PROVIDED THAT AN AMOUNT EQUAL TO ONE HUNDRED PERCENT COLLECTED UNDER THIS ARTICLE LESS ANY AMOUNT DETERMINED BY THE COMMISSIONER TO BE RESERVED BY THE COMPTROLLER FOR REFUNDS OR REIMBURSEMENTS SHALL BE PAID BY THE COMPTROLLER TO THE CREDIT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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