Bill Text: NY A04250 | 2017-2018 | General Assembly | Introduced

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Bill Title: Requires a study of the implementation of medical marihuana in regards to banking, tax revenue collection, and employment tax collection issues.

Spectrum: Partisan Bill (Democrat 19-0)

Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A04250 Detail]

Download: New_York-2017-A04250-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4250
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 2, 2017
                                       ___________
        Introduced  by  M.  of  A.  GOTTFRIED  --  read once and referred to the
          Committee on Health
        AN ACT to amend the public health law, in relation to requiring a  study
          of  the implementation of medical marihuana in regards to banking, tax
          revenue collection, and employment tax collection issues
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  public health law is amended by adding a new section
     2  3369-f to read as follows:
     3    § 3369-f. Study. 1. The commissioner is hereby authorized and directed
     4  to study implementation of this title in regards to banking, tax revenue
     5  collection, and employment tax collection issues.
     6    2. Such study shall include, but not  be  limited  to  examining:  the
     7  method  used  by  the  department of taxation and finance to collect and
     8  transfer money relating to the business of medical marihuana; the method
     9  used by the regulating authorities  to  collect  worker  taxes,  workers
    10  compensation  payments,  and  unemployment  insurance contributions; and
    11  banking opportunities for the registered organizations licensed pursuant
    12  to section thirty-three hundred sixty-five of this title.
    13    3. This study shall be conducted by a qualified entity with experience
    14  in the regulatory implementation of and market for the medical marihuana
    15  industry in other states with programs that have developed  beyond  that
    16  of New York state.
    17    4.  Such  study shall be completed and submitted to the legislature no
    18  later than January sixteenth, two thousand eighteen.
    19    5. Nothing in this section shall be construed to delay  implementation
    20  of this title pending the outcome of this study.
    21    § 2. This act shall take effect immediately; provided however that the
    22  amendments  made  by section one of this act shall not affect the repeal
    23  of title 5-A of article 33 of the public health law and shall be  deemed
    24  repealed therewith.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02576-01-7