NY State Senator Cooney Introduces Tax Bill to Allow Licensed Cannabis Business Owners to Deduct Business Expenses

NEW YORK:  Senator Jeremy Cooney (D-Rochester) introduced legislation that will allow future NYS licensed adult-use cannabis businesses to deduct business expenses when filing state taxes. These deductions are standard for existing non-cannabis businesses across the state.  The recently enacted Marijuana Regulation and Taxation Act (MRTA) legalized recreational adult-use cannabis, and provides a structure to allow New York Read the full article...
http://dlvr.it/SNWkkn