S 3135 New York Senate · 2025 Regular Session

Repeals the excise tax on medical cannabis and the medical cannabis trust fund

S 3135 repeals the excise tax on medical cannabis sales and eliminates the medical cannabis trust fund established under state law. This bill removes a tax obligation for medical cannabis businesses and ends the dedicated funding stream for the trust fund. The repeal takes effect immediately upon enactment, impacting both the tax structure for this industry and the state's management of related trust fund resources.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025 Last action Jan 7, 2026
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Full legislative history

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Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
Jan 23, 2025
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 2 co-sponsors

Sponsors