STATE OF NEW YORK
________________________________________________________________________
7641
2025-2026 Regular Sessions
IN SENATE
April 24, 2025
___________
Introduced by Sen. FERNANDEZ -- 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 designating revenue
collected by the opioid excise tax for the New York state drug treat-
ment and public education fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 498 of the tax law is amended by adding a new
2 subdivision (h) to read as follows:
3 (h) All taxes, interest and penalties collected or received by the
4 commissioner under this section shall be deposited and disposed of
5 pursuant to the provisions of section one hundred seventy-one-a of this
6 chapter, provided that an amount equal to one hundred percent collected
7 under this section less any amount determined by the commissioner to be
8 reserved by the comptroller for refunds or reimbursements shall be paid
9 by the comptroller to the credit of the New York state drug treatment
10 and public education fund created in section ninety-nine-jj of the state
11 finance law.
12 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08768-02-5
