Imposes an excise tax on sugary drinks; establishes a community health equity fund to utilize the revenues generated by such tax.

New York A03490 amends the tax law to impose an excise tax on sugary drinks. Beverages with more than seven and a half grams of sugars per twelve fluid ounces are taxed at one cent per ounce, while those with thirty grams or more are taxed at two cents per ounce. Exemptions include beverages sold to the U.S. government or Indian tribes, and those sold between distributors. Local municipalities can also impose their own taxes. Revenues are deposited into the community health equity fund, which supports programs promoting healthier communities and increasing access to fruits and vegetables.

Imposes an excise tax on sugary drinks; establishes a community health equity fund to utilize the revenues generated by such tax.

New York A03490 amends the tax law to impose an excise tax on sugary drinks. Beverages with more than seven and a half grams of sugars per twelve fluid ounces are taxed at one cent per ounce, while those with thirty grams or more are taxed at two cents per ounce. Exemptions include beverages sold to the U.S. government or Indian tribes, and those sold between distributors. Local municipalities can also impose their own taxes. Revenues are deposited into the community health equity fund, which supports programs promoting healthier communities and increasing access to fruits and vegetables.