Bill > A01232

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 include the cultivation of cannabis for adult-use under the existing exemption for tangible personal property, whether or not incorporated in a building or structure, for use or consumption predominantly in the production for sale of tangible personal property by farming or in a commercial horse boarding operation. The bill also defines the use of a motor vehicle in the cultivation of cannabis for adult-use as any use of the motor vehicle on property used in such cultivation, and sets the threshold for "predominantly" as more than fifty percent of the motor vehicle's use.