Bill
Bill > S09359
NY S09359
NY S09359Authorizes distributors of cannabis products to file electronic returns annually instead of quarterly.
summary
Introduced
05/14/2024
05/14/2024
In Committee
05/14/2024
05/14/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to authorizing distributors of cannabis products to file annual returns electronically
AI Summary
This bill authorizes distributors of cannabis products to file their tax returns electronically on an annual basis, instead of the previous requirement of quarterly filings. The bill amends the existing tax law to allow these distributors to elect to file their returns annually by the 20th of the month following the end of the calendar year, rather than the previous quarterly filing deadlines. This change is intended to simplify the reporting process for cannabis product distributors.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
SUBSTITUTED BY A10196 (on 06/06/2024)
Bill Topics
Government Operations
- ‐ Tax Administration and Collection of Revenue
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S9359 | 05/14/2024 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S09359&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S09359 | 05/14/2024 |
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