Assembly Bill A10196

2023-2024 Legislative Session

Authorizes distributors of cannabis products to file annual returns electronically

download bill text pdf

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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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2023-A10196 (ACTIVE) - Details

See Senate Version of this Bill:
S9359
Law Section:
Tax Law
Laws Affected:
Amd §495, Tax L

2023-A10196 (ACTIVE) - Summary

Authorizes distributors of cannabis products to file electronic returns annually instead of quarterly.

2023-A10196 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10196
 
                           I N  A S S E M B L Y
 
                               May 10, 2024
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Lupardo) --
   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.
                                                            LBD15460-01-4

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