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Bill > S08749


NY S08749

NY S08749
Relates to the timeframe for distributors of cannabis products to file tax returns.


summary

Introduced
01/08/2026
In Committee
01/08/2026
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 amends tax law in New York to change the deadline for distributors of cannabis products to file their tax returns. Previously, these returns were due on the 20th day of the month following each quarterly period, but this bill extends that deadline to the 50th day after each quarterly period ends. The quarterly periods end on the last day of February, May, August, and November. This change applies to taxes imposed under Article 495 of the tax law, which was added by a 2021 law. The bill takes effect immediately upon its passage.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 01/08/2026)

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