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Bill > S05365


NY S05365

NY S05365
Repeals the excise tax on medical cannabis and the medical cannabis trust fund.


summary

Introduced
03/02/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

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

AI Summary

This bill repeals the excise tax on medical cannabis and the medical cannabis trust fund. Specifically, it repeals section 490 of the tax law relating to the excise tax on medical cannabis and section 89-h of the state finance law relating to the medical cannabis trust fund. The bill aims to remove these provisions from the existing law.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/03/2024)

bill text


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