S 8091: Relates to the timeframe for distributors of cannabis products to file tax returns.

  
  STATE OF NEW YORK ________________________________________________________________________ 8091 2025-2026 Regular Sessions  IN SENATE May 15, 2025 ___________ Introduced by Sen. COONEY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the timeframe of distribu- tors of cannabis products to file tax returns 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] fiftieth day [of the month following] after 5 each quarterly period ending on the last day of February, May, August, 6 and November, respectively, file electronically with the commissioner a 7 return on forms to be prescribed by the commissioner, showing the total 8 amount of tax due in such quarterly period, and including such other 9 information as the commissioner may require. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01105-06-5