Authorizes distributors of cannabis products to file annual returns electronically

This bill allows cannabis distributors to file their annual tax returns electronically instead of submitting quarterly reports. It directly affects businesses licensed to distribute cannabis products under New York's tax law, giving them the option to simplify their reporting by submitting one annual electronic filing. The key provision changes the requirement from quarterly filings (due by the 20th day after February, May, August, and November) to an annual filing due by the 20th day after December 31st. This reduces administrative burden for eligible distributors while maintaining the same tax compliance requirements.