Nickle and Dimed

Depending on which survey you believe New Yorkers bear either the highest or second highest tax burden in the country. There is currently a bill making the rounds in Albany that would essentially tax most potable liquids sold in the state. The bottle bill is supposed to be an incentive for people to recycle more. It smells more like a money grab by the state to me.
The new law would also turn over unclaimed deposits, which are currently kept by distributors and bottlers, to the state's Environmental Protection Fund.

The bill has already passed in the state Assembly. Should it pass in the state Senate New York residents will be required to fork over an extra 5 cents for water, juice, iced tea, and sports drinks.


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