New York A05284 amends the tax law to exempt certain persons from being deemed distributors for premium cigar sales and sets a tax rate on premium.

New York A05284 amends the tax law to exclude certain persons from being considered distributors for premium cigar sales if their gross sales receipts or transaction count do not meet specified thresholds. The bill defines a "premium cigar" as one wrapped in whole leaf tobacco, containing a 100% leaf tobacco binder, manually combined, and without a window. It sets the tax on premium cigars at 75% of the wholesale price or fifty cents, whichever is less, and ensures the tax is imposed only once per sale. The bill aims to clarify tax obligations and definitions related to premium cigars.

New York A05284 amends the tax law to exempt certain persons from being deemed distributors for premium cigar sales and sets a tax rate on premium.

New York A05284 amends the tax law to exclude certain persons from being considered distributors for premium cigar sales if their gross sales receipts or transaction count do not meet specified thresholds. The bill defines a "premium cigar" as one wrapped in whole leaf tobacco, containing a 100% leaf tobacco binder, manually combined, and without a window. It sets the tax on premium cigars at 75% of the wholesale price or fifty cents, whichever is less, and ensures the tax is imposed only once per sale. The bill aims to clarify tax obligations and definitions related to premium cigars.