Senate Bill S8091

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 - Passed Senate & 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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2025-S8091 (ACTIVE) - Details

See Assembly Version of this Bill:
A5496
Law Section:
Tax Law
Laws Affected:
Amd §495, Tax L
Versions Introduced in 2023-2024 Legislative Session:
A10196

2025-S8091 (ACTIVE) - Summary

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

2025-S8091 (ACTIVE) - Sponsor Memo

2025-S8091 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8091
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 15, 2025
                                ___________
 
 Introduced  by  Sen.  COONEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 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.
                                                            LBD01105-06-5

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