<STYLE><!--U {color: Green}S {color: RED} I {color: DARKBLUE; background-color:yellow} P.brk {page-break-before:always}--></STYLE> <BASEFONT SIZE=3> <PRE WIDTH="136"> <FONT SIZE=5><B> STATE OF NEW YORK</B></FONT> ________________________________________________________________________ 5496--A 2025-2026 Regular Sessions <FONT SIZE=5><B> IN ASSEMBLY</B></FONT> February 14, 2025 ___________ Introduced by M. of A. LUPARDO, STIRPE, PEOPLES-STOKES -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to the timeframe of distribu- tors of cannabis products to file tax returns <B><U>The People of the State of New York, represented in Senate and Assem-</U></B> <B><U>bly, do enact as follows:</U></B> 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 [<B><S>twentieth</S></B>] <B><U>fiftieth</U></B> day [<B><S>of the month following</S></B>] <B><U>after</U></B> 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 <B><U>italics</U></B> (underscored) is new; matter in brackets [<B><S> </S></B>] is old law to be omitted. LBD01105-04-5