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Assembly Bill A4250

2017-2018 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 Assembly Committee

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2017-A4250 (ACTIVE) - Details

See Senate Version of this Bill:
S5628
Current Committee:
Assembly Ways And Means
Law Section:
Public Health Law
Laws Affected:
Add §3369-f, Pub Health L
Versions Introduced in Other Legislative Sessions:
2015-2016: A10303, S7714
2019-2020: A975, S2057
2021-2022: A40, S4039
2023-2024: S2567

2017-A4250 (ACTIVE) - Summary

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

2017-A4250 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4250
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 2, 2017
                                ___________
 
 Introduced  by  M.  of  A.  GOTTFRIED  --  read once and referred 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:
   § 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 EIGHTEEN.
   5. NOTHING IN THIS SECTION SHALL BE CONSTRUED TO DELAY  IMPLEMENTATION
 OF THIS TITLE PENDING THE OUTCOME OF THIS STUDY.
   § 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.

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