§ 2 — No title

New York § 2

• Jurisdiction: New York
• Law CCT: Cigarettes, Cigars, Tobacco 235/52

Text

§ 2. Revenues resulting from the imposition of taxes authorized by\nthis act shall be paid into the treasury of any such city and shall be\ncredited to and deposited in the general fund of any such city, except\nthat, after the payment of refunds with respect to such taxes, effective\non and after July 2, 2002, 46.5 percent and, effective on and after\nApril 1, 2003, 46 percent of such revenues (including taxes, interest\nand penalties) collected or received shall be paid to the state\ncomptroller. The state comptroller is hereby authorized and directed to\ntransfer all such amounts so paid to the credit of the tobacco control\nand insurance initiatives pool to be distributed by the commissioner of\nhealth in accordance with section 2807-v of the public health law.\n