New York S00093 sets the tax on cigars and premium cigars at 75% of the wholesale price or 50 cents, whichever is less.

New York S00093 amends the tax law to establish a tax on cigars and premium cigars at 75% of the wholesale price or 50 cents, whichever is less. This tax is intended to be imposed only once upon the sale of any cigars or premium cigars. The bill also includes a definition for "premium cigar," specifying criteria such as being handmade, containing at least 50% long leaf tobacco, and weighing more than six pounds per one thousand units. The tax is set to take effect immediately upon enactment.

New York S00093 sets the tax on cigars and premium cigars at 75% of the wholesale price or 50 cents, whichever is less.

New York S00093 amends the tax law to establish a tax on cigars and premium cigars at 75% of the wholesale price or 50 cents, whichever is less. This tax is intended to be imposed only once upon the sale of any cigars or premium cigars. The bill also includes a definition for "premium cigar," specifying criteria such as being handmade, containing at least 50% long leaf tobacco, and weighing more than six pounds per one thousand units. The tax is set to take effect immediately upon enactment.