S 8309

  • New York Senate Bill
  • 2023 Regular Session
  • Introduced in Senate
  • Passed Senate Apr 18, 2024
  • Passed Assembly Apr 18, 2024
  • Signed by Governor Apr 20, 2024

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year

Abstract

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year; extends the itemized deduction limit on individuals with income over ten million dollars to 2030 (Part A); extends provisions relating to the voluntary compliance initiative (Part B); makes technical corrections to the metropolitan commuter transportation mobility tax (Part C); relates to the restriction upon issuing notices for a tax year that is the subject of a pending petition filed with the division of tax appeals (Part D); creates the commercial security tax credit program for certain expenses of eligible businesses related to qualified retail theft prevention measures (Part E); extends provisions of law relating to the mandatory electronic filing of certain tax documents (Part F); extends provisions relating to segregated sales tax accounts to December 31, 2029 (Part G); provides that a tax return may be amended where such amendment would not result in the reduction or elimination of a past-due tax liability; provides that any person who willfully files or amends a return that contains false information to reduce or eliminate a liability shall be subjected to a penalty not to exceed one thousand dollars per return (Part H); extends provisions of law relating to exempting from sales and use tax certain tangible personal property and services sold to a related person (Part I); extends the sales tax exemption for certain sales made through vending machines through March 31, 2025 (Part J); relates to the taxation of adult-use cannabis products; provides for the taxation of adult-use cannabis products where books and records are not provided or are determined to be insufficient (Part L); relates to the utilization of funds in the Capital region off-track betting corporations' capital acquisition funds (Part O); extends certain provisions of the racing, pari-mutuel wagering and breeding law (Part P); relates to the computation of tax on little cigars (Part Q); extends requirements related to the New York Jockey Injury Compensation Fund, Inc. (Part R); extends certain exceptions to licensing at a race meet for certain races conducted at the Saratoga racetrack during 2024 and 2025; provides for the repeal of such provisions upon expiration thereof (Part S); lowers the excise tax rate on medical cannabis; provides for the allocation of moneys of the medical cannabis trust fund (Part T).

Bill Sponsors (1)

Budget Committee

     
Primary

Votes


Actions


Apr 20, 2024

Senate

DELIVERED TO GOVERNOR

Senate

SIGNED CHAP.59

Apr 18, 2024

Assembly

ORDERED TO THIRD READING RULES CAL.32

Assembly

RETURNED TO SENATE

Assembly

REFERRED TO WAYS AND MEANS

Assembly

SUBSTITUTED FOR A8809B

Assembly

PASSED ASSEMBLY

Senate

AMEND (T) AND RECOMMIT TO FINANCE

Senate

PRINT NUMBER 8309B

Senate

ORDERED TO THIRD READING CAL.843

Senate

MESSAGE OF NECESSITY - 3 DAY MESSAGE

Senate

PASSED SENATE

Senate

DELIVERED TO ASSEMBLY

Mar 11, 2024

Senate

AMEND (T) AND RECOMMIT TO FINANCE

Senate

PRINT NUMBER 8309A

Jan 17, 2024

Senate

REFERRED TO FINANCE

Bill Text

Bill Text Versions Format
S8309 PDF HTML
S8309A PDF
S8309B PDF

Related Documents

Document Format
No related documents.

Sources

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