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Senate Bill S7714

2015-2016 Legislative Session

Requires a study of the implementation of medical marihuana in regards to banking, tax revenue collection, and employment tax collection issues

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Archive: Last Bill Status - In Senate Committee Health Committee

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2015-S7714 (ACTIVE) - Details

See Assembly Version of this Bill:
A10303
Current Committee:
Senate Health
Law Section:
Public Health Law
Laws Affected:
Add ยง3369-f, Pub Health L
Versions Introduced in Other Legislative Sessions:
2017-2018: S5628, A4250
2019-2020: S2057, A975
2021-2022: S4039, A40
2023-2024: S2567

2015-S7714 (ACTIVE) - Summary

Requires a study of the implementation of medical marihuana in regards to banking, tax revenue collection, and employment tax collection issues.

2015-S7714 (ACTIVE) - Sponsor Memo

2015-S7714 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7714

                            I N  S E N A T E

                              May 12, 2016
                               ___________

Introduced  by  Sen.  SAVINO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Health

AN ACT to amend the public health law, in relation to requiring a  study
  of  the implementation of medical marihuana in regards to banking, tax
  revenue collection, and employment tax collection issues

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  public health law is amended by adding a new section
3369-f to read as follows:
  S 3369-F. STUDY. 1. THE COMMISSIONER IS HEREBY AUTHORIZED AND DIRECTED
TO STUDY IMPLEMENTATION OF THIS TITLE IN REGARDS TO BANKING, TAX REVENUE
COLLECTION, AND EMPLOYMENT TAX COLLECTION ISSUES.
  2. SUCH STUDY SHALL INCLUDE, BUT NOT  BE  LIMITED  TO  EXAMINING:  THE
METHOD  USED  BY  THE  DEPARTMENT OF TAXATION AND FINANCE TO COLLECT AND
TRANSFER MONEY RELATING TO THE BUSINESS OF MEDICAL MARIHUANA; THE METHOD
USED BY THE REGULATING AUTHORITIES  TO  COLLECT  WORKER  TAXES,  WORKERS
COMPENSATION  PAYMENTS,  AND  UNEMPLOYMENT  INSURANCE CONTRIBUTIONS; AND
BANKING OPPORTUNITIES FOR THE REGISTERED ORGANIZATIONS LICENSED PURSUANT
TO SECTION THIRTY-THREE HUNDRED SIXTY-FIVE OF THIS TITLE.
  3. THIS STUDY SHALL BE CONDUCTED BY A QUALIFIED ENTITY WITH EXPERIENCE
IN THE REGULATORY IMPLEMENTATION OF AND MARKET FOR THE MEDICAL MARIHUANA
INDUSTRY IN OTHER STATES WITH PROGRAMS THAT HAVE DEVELOPED  BEYOND  THAT
OF NEW YORK STATE.
  4.  SUCH  STUDY SHALL BE COMPLETED AND SUBMITTED TO THE LEGISLATURE NO
LATER THAN JANUARY SIXTEENTH, TWO THOUSAND SEVENTEEN.
  5. NOTHING IN THIS SECTION SHALL BE CONSTRUED TO DELAY  IMPLEMENTATION
OF THIS TITLE PENDING THE OUTCOME OF THIS STUDY.
  S 2. This act shall take effect immediately; provided however that the
amendments  made  by section one of this act shall not affect the repeal
of title 5-A of article 33 of the public health law and shall be  deemed
repealed therewith.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15357-01-6

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