A 5496 New York Assembly · 2025 Regular Session

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

This bill changes the deadline for cannabis distributors to file quarterly tax returns. It extends the filing deadline from the 20th to the 50th day after each quarter ends (February, May, August, and November). The bill directly affects businesses that distribute cannabis products in New York, requiring them to submit tax returns to the state tax agency by the new 50th-day deadline. This is a procedural change to existing tax filing requirements, not a new tax or policy.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 14, 2025 Last action Jun 16, 2025

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A5496 → A5496A · 1 edit

MINOR

This bill amends the tax law to change the deadline for cannabis distributors to file their tax returns. The filing deadline is extended from the 20th day of the month following each quarter to the 50th day after each quarter ends. This provides distributors with additional time to prepare and submit their quarterly tax filings electronically.

TIMELINE

Extended the quarterly tax filing deadline from the 20th day of the month following the quarter to the 50th day after the quarter ends.

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Committee

Amendments

Jun 16, 2025

Committee

REPORTED REFERRED TO RULES

lower

May 12, 2025

Lower · Passed

PRINT NUMBER 5496A

lower

May 12, 2025

Lower · Passed

AMEND (T) AND RECOMMIT TO WAYS AND MEANS

lower

Feb 14, 2025

Committee

REFERRED TO WAYS AND MEANS

lower

1 primary · 2 co-sponsors