New York S 3261: Authorizes distributors of cannabis products to file annual returns electronically

Bill Text

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S03261 Summary:

BILL NOS03261 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORCOONEY

&nbsp

COSPNSRHINCHEY

&nbsp

MLTSPNSR

&nbsp

Amd §495, Tax L

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Authorizes distributors of cannabis products to file electronic returns annually instead of quarterly.

Go to top S03261 Actions:

BILL NOS03261 

&nbsp

01/24/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

03/17/20251ST REPORT CAL.551

03/18/20252ND REPORT CAL.

03/19/2025ADVANCED TO THIRD READING 

05/28/2025PASSED SENATE

05/28/2025DELIVERED TO ASSEMBLY

05/28/2025referred to ways and means

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

02/10/20261ST REPORT CAL.344

02/11/20262ND REPORT CAL.

02/24/2026ADVANCED TO THIRD READING 

02/25/2026PASSED SENATE

02/25/2026DELIVERED TO ASSEMBLY

02/25/2026referred to ways and means

Go to topS03261 Committee&nbspVotes:

Go to topS03261 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS03261 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3261

 2025-2026 Regular Sessions

 IN SENATE

 January 24, 2025
 ___________

 Introduced by Sens. COONEY, HINCHEY -- read twice and ordered printed,
 and when printed to be committed to the Committee on Investigations
 and Government Operations

 AN ACT to amend the tax law, in relation to authorizing distributors of
 cannabis products to file annual returns electronically

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision (a) of section 495 of the tax law, as added by
 2 chapter 92 of the laws of 2021, is amended to read as follows:
 3 (a) Every person on whom tax is imposed under this article shall, on
 4 or before the twentieth day of the month following each quarterly period
 5 ending on the last day of February, May, August, and November, respec-
 6 tively, file electronically with the commissioner a return on forms to
 7 be prescribed by the commissioner, showing the total amount of tax due
 8 in such quarterly period, and including such other information as the
 9 commissioner may require; provided, however, that a distributor for whom
 10 tax is imposed pursuant to this article may elect to file electronically
 11 with the commissioner for an annual period instead of a quarterly peri-
 12 od. If a distributor elects to file electronically for an annual peri-
 13 od, the distributor shall file electronically before the twentieth day
 14 of the month following each year ending on the last day of December in a
 15 manner prescribed by the commissioner.
 16 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01105-01-5

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