§ 2. No title.
131 words·~1 min read·
/ny/cigarettes-cigars-tobacco-235-52/2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 2. Revenues resulting from the imposition of taxes authorized by
this act shall be paid into the treasury of any such city and shall be
credited to and deposited in the general fund of any such city, except
that, after the payment of refunds with respect to such taxes, effective
on and after July 2, 2002, 46.5 percent and, effective on and after
April 1, 2003, 46 percent of such revenues (including taxes, interest
and penalties) collected or received shall be paid to the state
comptroller. The state comptroller is hereby authorized and directed to
transfer all such amounts so paid to the credit of the tobacco control
and insurance initiatives pool to be distributed by the commissioner of
health in accordance with section 2807-v of the public health law.