Bill Text: NY A07014 | 2023-2024 | General Assembly | Introduced

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Bill Title: Repeals the excise tax on medical cannabis and the medical cannabis trust fund.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A07014 Detail]

Download: New_York-2023-A07014-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7014

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 10, 2023
                                       ___________

        Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
          Committee on Ways and Means

        AN ACT to repeal section 490 of the tax law relating to the  excise  tax
          on  medical  cannabis; and to repeal section 89-h of the state finance
          law relating to the medical cannabis trust fund

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

     1    Section 1. Section 490 of the tax law is REPEALED.
     2    § 2. Section 89-h of the state finance law is REPEALED.
     3    § 3. This act shall take effect immediately.








         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09877-01-3