--- type: "Bill" title: "Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year" description: "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)." jurisdiction: "us/states/ny" legislature: "New York Legislature" session: "2023-2024" identifier: "S 8309" citation: "New York S 8309 (2023-2024)" classification: ["bill"] subjects: [] status: "enacted" primary_sponsors: [] version_count: 3 action_count: 17 vote_count: 3 first_action: "2024-01-17" last_action: "2024-04-20" source: "openstates" source_identifier: "ocd-bill/96694b9f-aacd-416b-85ed-15b2dd0e5325" source_url: "http://www.nysenate.gov/legislation/bills/2023/S8309" source_hash: "b727b61355a11b0979c186e2c53bf4b2462bfd61d29a3cfdf3578e409c869e82" vintage: "2026-07-01" source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump" retrieved_at: "2026-07-06" confidence: "reported" tags: ["legislation", "bill", "us-ny"] --- # New York S 8309 (2023-2024) — Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year 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). ## Version chain The bill's text revisions, in order — the diff chain from filing to enrollment. 1. **S8309** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S8309&term=2023&Text=Y) 2. **S8309A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2023/S8309A) 3. **S8309B** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2023/S8309B) ## Votes - Assembly Vote — **103–46** (pass) · lower - Finance Vote - Version: B — **16–6** (pass) · upper - Floor Vote - Version: B — **39–20** (pass) · upper ## Sponsors - Budget Committee — primary (organization) ## Timeline The legislative action history — every referral, reading, and vote. - **2024-01-17** REFERRED TO FINANCE `referral-committee` - **2024-03-11** AMEND (T) AND RECOMMIT TO FINANCE `amendment-passage, referral-committee` - **2024-03-11** PRINT NUMBER 8309A `amendment-passage` - **2024-04-18** AMEND (T) AND RECOMMIT TO FINANCE `amendment-passage, referral-committee` - **2024-04-18** PRINT NUMBER 8309B `amendment-passage` - **2024-04-18** ORDERED TO THIRD READING CAL.843 - **2024-04-18** MESSAGE OF NECESSITY - 3 DAY MESSAGE - **2024-04-18** PASSED SENATE `passage` - **2024-04-18** DELIVERED TO ASSEMBLY - **2024-04-18** REFERRED TO WAYS AND MEANS `referral-committee` - **2024-04-18** SUBSTITUTED FOR A8809B - **2024-04-18** ORDERED TO THIRD READING RULES CAL.32 - **2024-04-18** MESSAGE OF NECESSITY - 3 DAY MESSAGE - **2024-04-18** PASSED ASSEMBLY `passage` - **2024-04-18** RETURNED TO SENATE - **2024-04-20** DELIVERED TO GOVERNOR `executive-receipt` - **2024-04-20** SIGNED CHAP.59 `executive-signature` ## Source OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/96694b9f-aacd-416b-85ed-15b2dd0e5325`. Confidence: reported (aggregated from official New York legislature records).