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New York State's Proposed Budget Anticipated to Close 600 Businesses and End 2200 Jobs

Friday, March 24, 2017

NYSVA's New York Minute...

Buried in Governor Cuomo’s budget proposal are taxes and regulations so onerous, they would close hundreds of vape shops across New York according to the New York State Vapor Association (NYSVA).

The non-profit organization was in Albany this week to request removal of all vapor product language from the budget so it can be addressed separately and thoughtfully. They offered to bring a panel of expert researchers to present the growing body of scientific data regarding vapor products to legislators and the governor’s staff.

Proposed taxes on e-liquid (the refillable solution) at the rate of 10 cents per ml in the Governor’s version, and 40 cents per ml in the Assembly's version which equates to a 75%-100% tax on 89% of sales (NYSVA Market Survey, March 2017) and for many, represents a higher tax than tobacco.


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