Bill
Bill > S08091
NY S08091
Relates to the timeframe for distributors of cannabis products to file tax returns.
summary
Introduced
05/15/2025
05/15/2025
In Committee
05/15/2025
05/15/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to the timeframe of distributors of cannabis products to file tax returns
AI Summary
This bill modifies the tax law related to 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 quarterly period (which end on the last day of February, May, August, and November). This change gives cannabis product distributors additional time to prepare and submit their tax returns to the state tax commissioner. The bill will take effect immediately upon enactment, providing cannabis distributors with more flexibility in meeting their tax reporting obligations. The amendment appears to be a technical adjustment to provide businesses in the cannabis industry with extra time to compile and electronically file their required tax documentation.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 05/15/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S8091 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08091&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08091 |
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