7 February 2017
Here they both are
SENATE VERSION Sponsored By Democrat Sen. Liz Krueger
HOUSE VERSION Sponsored ByDemocrat Crystal Peoples-Stokes
Legal sales would be tagged with a 15 percent excise tax, cultivators would be charged $35 per ounce of flower and $10 per ounce of leaves upon transfer, and $5 on the sale of immature plants. Localities could also impose their own taxes. Under the measure, 15 percent of tax revenues would be earmarked for law enforcement and drug rehabilitation programs. Additionally, the proposal calls for “ordinary and necessary expenses” deductible by licensed businesses for New York State tax purposes.
The measure has been referred to the Finance Committee in the Senate, and the Codes Committee in the Assembly.