New York A 8711: Authorizes a real property tax exemption for certain eligible reservists

Bill Text

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A08711 Summary:

BILL NOA08711 

&nbsp

SAME ASSAME AS S08189

&nbsp

SPONSORStirpe

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §73, Cannabis L

&nbsp

Authorizes a microbusiness licensee to change their license type to an adult use cannabis cultivation license, upon the approval of the office of cannabis management; directs the office to promulgate regulations allowing a microbusiness licensee to be licensed and operate without opening a retail storefront.

Go to top A08711 Actions:

BILL NOA08711 

&nbsp

06/02/2025referred to economic development

01/07/2026referred to economic development

Go to topA08711 Committee&nbspVotes:

Go to topA08711 Floor&nbspVotes:

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

Go to topA08711 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8711

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 2, 2025
 ___________

 Introduced by M. of A. STIRPE -- read once and referred to the Committee
 on Economic Development

 AN ACT to amend the cannabis law, in relation to microbusiness licenses

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

 1 Section 1. Section 73 of the cannabis law is amended by adding two new
 2 subdivisions 4 and 5 to read as follows:
 3 4. Licensees under this section may, upon approval by the office,
 4 change their license type from microbusiness to adult use cannabis
 5 cultivation. A licensee under this section who changes their license
 6 type to adult use cannabis cultivation shall be required to relinquish
 7 control, if established, over any property obtained for the purposes of
 8 conducting adult use retail sales in accordance with this section. The
 9 office may allow such licensee to maintain an interest in the real prop-
 10 erty if the licensee demonstrates, to the satisfaction of the office,
 11 that such real property will not be utilized by the licensee for the
 12 purposes of adult use retail sales. Such proof may be supplied by the
 13 licensee in the form of an attestation, affirmation or other oath to the
 14 same effect.
 15 5. The office shall promulgate regulations allowing a microbusiness
 16 licensee under this section to be licensed and operate without opening a
 17 retail storefront; provided, however, that nothing in this subdivision
 18 shall authorize a licensee under this section to provide direct to
 19 consumer sales without obtaining a retail storefront and approval from
 20 the office to commence sales from such storefront.
 21 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13185-01-5

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