Assembly Bill A5496A

2025-2026 Legislative Session

Relates to the timeframe for distributors of cannabis products to file tax returns

download bill text pdf

Sponsored By

Current Bill Status Via S8091 - Passed Assembly

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2025-A5496 - Details

See Senate Version of this Bill:
S8091
Law Section:
Tax Law
Laws Affected:
Amd §495, Tax L
Versions Introduced in 2023-2024 Legislative Session:
A10196

2025-A5496 - Summary

Relates to the timeframe for distributors of cannabis products to file tax returns.

2025-A5496 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5496
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2025
                                ___________
 
 Introduced  by M. of A. LUPARDO, STIRPE, PEOPLES-STOKES -- read once and
   referred to the Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to authorizing distributors  of
   cannabis products to file annual returns electronically
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Subdivision (a) of section 495 of the tax law, as added by
 chapter 92 of the laws of 2021, is amended to read as follows:
   (a) Every person on whom tax is imposed under this article  shall,  on
 or before the twentieth day of the month following each quarterly period
 ending  on  the last day of February, May, August, and November, respec-
 tively, file electronically with the commissioner a return on  forms  to
 be  prescribed  by the commissioner, showing the total amount of tax due
 in such quarterly period, and including such other  information  as  the
 commissioner may require; PROVIDED, HOWEVER, THAT A DISTRIBUTOR FOR WHOM
 TAX IS IMPOSED PURSUANT TO THIS ARTICLE MAY ELECT TO FILE ELECTRONICALLY
 WITH  THE COMMISSIONER FOR AN ANNUAL PERIOD INSTEAD OF A QUARTERLY PERI-
 OD.  IF A DISTRIBUTOR ELECTS TO FILE ELECTRONICALLY FOR AN ANNUAL  PERI-
 OD,  THE  DISTRIBUTOR SHALL FILE ELECTRONICALLY BEFORE THE TWENTIETH DAY
 OF THE MONTH FOLLOWING EACH YEAR ENDING ON THE LAST DAY OF DECEMBER IN A
 MANNER PRESCRIBED BY THE COMMISSIONER.
   § 2.  This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01105-01-5

co-Sponsors

2025-A5496A (ACTIVE) - Details

See Senate Version of this Bill:
S8091
Law Section:
Tax Law
Laws Affected:
Amd §495, Tax L
Versions Introduced in 2023-2024 Legislative Session:
A10196

2025-A5496A (ACTIVE) - Summary

Relates to the timeframe for distributors of cannabis products to file tax returns.

2025-A5496A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5496--A
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2025
                                ___________
 
 Introduced  by M. of A. LUPARDO, STIRPE, PEOPLES-STOKES -- read once and
   referred to the Committee on Ways and Means --  committee  discharged,
   bill  amended,  ordered  reprinted  as amended and recommitted to said
   committee
 
 AN ACT to amend the tax law, in relation to the timeframe  of  distribu-
   tors of cannabis products to file tax returns

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Subdivision (a) of section 495 of the tax law, as added by
 chapter 92 of the laws of 2021, is amended to read as follows:
   (a) Every person on whom tax is imposed under this article  shall,  on
 or  before  the  [twentieth] FIFTIETH day [of the month following] AFTER
 each quarterly period ending on the last day of February,  May,  August,
 and  November, respectively, file electronically with the commissioner a
 return on forms to be prescribed by the commissioner, showing the  total
 amount  of  tax  due  in such quarterly period, and including such other
 information as the commissioner may require.
   § 2.  This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01105-04-5

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