New York Statutes

§ 498 — Imposition of excise tax

New York § 498
JurisdictionNew York
Law TAXTax
Art. 20-DExcise Tax On Sale of Opioids

This text of New York § 498 (Imposition of excise tax) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.Y. Tax § 498 (2026).

Text

§ 498. Imposition of excise tax.

(a)There is hereby imposed an excise\ntax on the first sale of every opioid unit in the state at the following\nrates:
(1)a quarter of a cent per morphine milligram equivalent where\nthe wholesale acquisition cost is less than fifty cents, or (2) one and\none-half cents per morphine milligram equivalent where the wholesale\nacquisition cost is fifty cents or more; except that such tax shall not\napply when such first sale is to any program operated pursuant to\narticle forty of the public health law and article thirty-two of the\nmental hygiene law. The tax imposed by this article shall be charged\nagainst and paid by the registrant making such first sale, and shall\naccrue at the time of such sale. For the purpose of the proper\nadministration of this

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Bluebook (online)
New York § 498, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/TAX/498.