Increases handling fee for beverage containers and changes quarterly payments for refund value accounts.

New York Assembly Bill A01744 amends the environmental conservation law to increase the handling fee paid by a deposit initiator to a redemption center from three and a half cents to five cents per container. It also decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from eighty to forty-seven percent of the balance of the initiator's refund value account. The bill introduces a registration requirement for redemption centers and outlines penalties for violations, including civil penalties and revocation of registration.

Increases handling fee for beverage containers and changes quarterly payments for refund value accounts.

New York Assembly Bill A01744 amends the environmental conservation law to increase the handling fee paid by a deposit initiator to a redemption center from three and a half cents to five cents per container. It also decreases the amount of quarterly payments a deposit initiator must pay the commissioner of taxation and finance from eighty to forty-seven percent of the balance of the initiator's refund value account. The bill introduces a registration requirement for redemption centers and outlines penalties for violations, including civil penalties and revocation of registration.