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NY A10196

Bill

Official Source

Status

Vetoed

12/21/2024

Primary Sponsor

Donna Lupardo

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Cannabis product distributors may elect to file annual electronic tax returns instead of quarterly returns under tax law Article 495
  • Annual returns must be filed electronically on or before the twentieth day of the month following each year ending December 31
  • Quarterly filing requirement remains mandatory for all other persons subject to cannabis product tax
  • Commissioner of Taxation and Finance will prescribe the manner and forms for annual electronic filing by distributors
  • Act takes effect immediately upon enactment

Legislative Description

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

Last Action

tabled

12/23/2024

Committee Referrals

Investigations and Government Operations5/30/2024
Rules5/28/2024
Ways and Means5/10/2024

Full Bill Text

No bill text available