Bill > A04783

This bill amends New York state tax law to expand sales and use tax exemptions for tangible personal property used in cannabis cultivation. Specifically, the bill adds cannabis cultivation to existing tax exemptions for farming and commercial horse boarding, allowing businesses with adult-use cultivator licenses, adult-use cooperative licenses, or microbusiness licenses under Article Four of the Cannabis Law to purchase equipment and vehicles without paying sales tax. The exemption applies to property used predominantly (more than 50%) in cannabis cultivation, and vehicle use can be calculated by mileage or hours of use. This means cannabis cultivators can now purchase farming equipment, vehicles, and other tangible personal property without sales tax, similar to traditional agricultural businesses, which could help reduce startup and operational costs for legal cannabis businesses. The tax exemption takes effect immediately upon the bill's passage.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4783