Assembly Bill A7014

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 Assembly Committee

  • 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-A7014 (ACTIVE) - Details

See Senate Version of this Bill:
S5365
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Rpld §490, Tax L; rpld §89-h, St Fin L

2023-A7014 (ACTIVE) - Summary

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

2023-A7014 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7014
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 10, 2023
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
   Committee on Ways and Means
 
 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 Section 490 of the tax law is REPEALED.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 Section 89-h of the state finance law is REPEALED.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.
                                                            LBD09877-01-3

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