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Statutes » New York » TAX Law » Article 20-C

N.Y. TAX Law § 493

This is the official text of N.Y. TAX Law § 493, part of New York’s TAX Law — part of the compiled statutory law of New York, published by the state as "TAX Law." Browse the sections below, each linked to its official government source.

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Imposition of tax

Official statutory text

§ 493. Imposition of tax. (a) There is hereby imposed a tax on\nadult-use cannabis products sold by a distributor to a person who sells\nadult-use cannabis products at retail at the rate of nine percent of the\namount charged for the sale or transfer of such adult-use cannabis\nproducts to such retailer; provided that where a person who distributes\nadult-use cannabis is licensed under the cannabis law as a microbusiness\nor registered organization and such person sells adult-use cannabis\nproducts at retail, such person shall be liable for the tax, such tax\nshall accrue at the time of the retail sale, and the amount subject to\nthe tax imposed by this subdivision shall be seventy-five percent of the\namount charged by such person for the sale or transfer of such products\nto a retail customer.\n (b) In addition to any other tax imposed by this chapter or other law,\nthere is hereby imposed a tax of nine percent of the amount charged for\nthe sale or transfer of adult-use cannabis products to a retail customer\nby a person who sells adult-use cannabis products at retail. This tax is\nimposed on the person who sells adult-use cannabis at retail and shall\naccrue at the time of such sale or transfer.\n (c) In addition to the taxes imposed by subdivisions (a) and (b) of\nthis section, there is hereby imposed a tax on the sale or transfer of\nadult-use cannabis products to a retail customer by a person who sells\nadult-use cannabis products at retail at the rate of four percent of the\namount charged by such person for such adult-use cannabis product, which\ntax shall accrue at the time of such sale or transfer. The tax imposed\nby this subdivision is imposed on a person who sells adult-use cannabis\nproducts at retail, and shall be paid to the commissioner in trust for\nand on account of a city having a population of a million or more, and\ncounties (other than counties wholly within such a city), towns,\nvillages, and cities with a population of less than a million in which a\nretail dispensary is located.\n (d) The taxes imposed by this section shall not apply to sales of\nadult-use cannabis to a person holding a cannabis research license under\nsection thirty-nine of the cannabis law.\n

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.