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Bill > A07014


NY A07014

NY A07014
Repeals the excise tax on medical cannabis and the medical cannabis trust fund.


summary

Introduced
05/10/2023
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 eliminate these provisions and will take effect immediately upon passage.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

referred to ways and means (on 01/03/2024)

bill text


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