Bill > A05496

This bill modifies the tax law for cannabis product distributors by changing the deadline for filing quarterly tax returns. Specifically, the bill extends the filing deadline from the 20th day of the month following each quarterly period to the 50th day after each quarter's end. The quarterly periods end on the last days of February, May, August, and November. This change gives cannabis product distributors additional time to prepare and submit their tax returns to the tax commissioner. The bill provides more flexibility for businesses in the cannabis industry by providing them with extra days to compile and electronically file their required tax documentation. The amendment will take effect immediately upon enactment, meaning cannabis distributors can benefit from the extended filing timeline right away.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5496