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Speaker Carl E. Heastie
 
     
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A04764 Summary:

BILL NOA04764
 
SAME ASSAME AS S03135
 
SPONSORPeoples-Stokes
 
COSPNSRLupardo, Hevesi, Reyes, Simon, Kelles, Lunsford
 
MLTSPNSR
 
Rpld §490, Tax L; rpld §89-h, St Fin L
 
Repeals the excise tax on medical cannabis and the medical cannabis trust fund.
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A04764 Text:




 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4764
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 6, 2025
                                       ___________
 
        Introduced  by M. of A. PEOPLES-STOKES, LUPARDO, HEVESI, REYES, SIMON --
          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:
 
     1    Section 1. Section 490 of the tax law is REPEALED.
     2    § 2. Section 89-h of the state finance law is REPEALED.
     3    § 3. This act shall take effect immediately.
 
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01709-01-5
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