STATE OF NEW YORK
________________________________________________________________________
8749
IN SENATE
January 8, 2026
___________
Introduced by Sen. COONEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to the timeframe of distribu-
tors of cannabis products to file tax returns
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (a) of section 495 of the tax law, as added by
2 chapter 92 of the laws of 2021, is amended to read as follows:
3 (a) Every person on whom tax is imposed under this article shall, on
4 or before the [twentieth] fiftieth day [of the month following] after
5 each quarterly period ending on the last day of February, May, August,
6 and November, respectively, file electronically with the commissioner a
7 return on forms to be prescribed by the commissioner, showing the total
8 amount of tax due in such quarterly period, and including such other
9 information as the commissioner may require.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01105-06-5
