Suspends the collection of the excise tax on certain drugs during a declared state of emergency which are identified by the commissioner of health as necessary for the public health.
STATE OF NEW YORK
________________________________________________________________________
8389
IN SENATE
May 21, 2020
___________
Introduced by Sen. SEWARD -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to suspending the excise tax on
certain drugs during a declared state of emergency
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) During a state of emergency as declared by the governor for the
4 novel coronavirus, COVID-19, no tax shall be collected on fentanyl,
5 hydromorphone, codeine and any other finished-dose prescription drugs
6 identified by the commissioner of health as necessary for the public
7 health.
8 § 2. This act shall take effect immediately and shall apply to all
9 returns filed for quarterly periods beginning on and after April 1,
10 2020.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16395-01-0
