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NY S03261

Bill

Official Source

Status

Engrossed

5/28/2025

Primary Sponsor

Jeremy Cooney

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Allows cannabis product distributors to elect to file tax returns annually instead of the current quarterly requirement
  • Annual filers must submit returns electronically by the twentieth day of the month following each year ending December 31
  • Quarterly filing remains available, with returns due by the twentieth day of the month following periods ending in February, May, August, and November
  • Takes effect immediately upon passage

Legislative Description

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

Last Action

referred to ways and means

2/25/2026

Committee Referrals

Ways and Means2/25/2026
Investigations and Government Operations1/7/2026
Ways and Means5/28/2025
Investigations and Government Operations1/24/2025

Full Bill Text

No bill text available