Bill > S01017

This bill exempts certain property and services used in the cultivation of cannabis for adult-use from sales and compensating use taxes. Specifically, it amends the tax law to expand the existing sales tax exemption for tangible personal property used in the production for sale of tangible personal property by farming to also include the cultivation of cannabis for adult-use pursuant to certain cannabis licenses under New York's Cannabis Law. It also expands the exemption for motor vehicles used predominantly in the production phase of farming or in the cultivation of cannabis for adult-use under those same licenses.