senate Bill S5365

2023-2024 Legislative Session

Repeals the excise tax on medical cannabis and the medical cannabis trust fund

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue Committee

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 02, 2023 referred to budget and revenue


S5365 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Rpld §490, Tax L; rpld §89-h, St Fin L

S5365 (ACTIVE) - Summary

Repeals the excise tax on medical cannabis and the medical cannabis trust fund.

S5365 (ACTIVE) - Sponsor Memo

S5365 (ACTIVE) - Bill Text download pdf

                     S T A T E   O F   N E W   Y O R K
                        2023-2024 Regular Sessions
                             I N  S E N A T E
                               March 2, 2023
 Introduced  by Sens. COONEY, SCARCELLA-SPANTON -- read twice and ordered
   printed, and when printed to be committed to the Committee  on  Budget
   and Revenue
 AN  ACT  to repeal section 490 of the tax law relating to the excise tax
   on medical cannabis; and to repeal section 89-h of the  state  finance
   law relating to the medical cannabis trust fund

   Section 1. Section 490 of the tax law is REPEALED.
   § 2. Section 89-h of the state finance law is REPEALED.
   § 3. This act shall take effect immediately.
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.


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