New York State Assembly

Bill No.:  

 
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S05365 Summary:

BILL NO	S05365
SAME AS	SAME AS A07014
SPONSOR	COONEY
COSPNSR	SCARCELLA-SPANTON, COMRIE, KENNEDY
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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S05365 Actions:

BILL NO	S05365
03/02/2023	REFERRED TO BUDGET AND REVENUE
01/03/2024	REFERRED TO BUDGET AND REVENUE

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S05365 Committee Votes:

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S05365 Floor Votes:

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S05365 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5365
 
                               2023-2024 Regular Sessions
 
                    IN SENATE
 
                                      March 2, 2023
                                       ___________
 
        Introduced  by Sens. COONEY, SCARCELLA-SPANTON -- read twice and ordered
          printed, and when printed to be committed to the Committee  on  Budget
          and Revenue
 
        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 Section 490 of the tax law is REPEALED.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 Section 89-h of the state finance law is REPEALED.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.
                                                                   LBD09877-01-3

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