S T A T E O F N E W Y O R K
________________________________________________________________________
3135
2025-2026 Regular Sessions
I N S E N A T E
January 23, 2025
___________
Introduced by Sens. COONEY, COMRIE, 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
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
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 Section 490 of the tax law is REPEALED.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 Section 89-h of the state finance law is REPEALED.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.
LBD01709-01-5