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A07014 Summary:

BILL NOA07014
 
SAME ASSAME AS S05365
 
SPONSORPeoples-Stokes
 
COSPNSRLupardo, Hevesi, Reyes, Jean-Pierre
 
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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A07014 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7014
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 10, 2023
                                       ___________
 
        Introduced  by  M. of A. PEOPLES-STOKES -- 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 Section 490 of the tax law is REPEALED.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 Section 89-h of the state finance law is REPEALED.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.
                                                                   LBD09877-01-3
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