---
type: "Bill"
title: "Relates to certain tax deductions related to the sale, production, or distribution of cannabis products"
description: "Permits certain tax deductions related to the sale, production, or distribution of cannabis products."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2023-2024"
identifier: "S 7508"
citation: "New York S 7508 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Luis R. Sepúlveda"]
version_count: 1
action_count: 11
vote_count: 3
first_action: "2023-06-02"
last_action: "2023-11-17"
source: "openstates"
source_identifier: "ocd-bill/66eb8a0d-1b48-4b8d-b00a-7a11616f88e3"
source_url: "http://www.nysenate.gov/legislation/bills/2023/S7508"
source_hash: "ba4317c997acd8717bf997bd7e6feb51bd37f30f5ffa78774bb3bbdca270a052"
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 7508 (2023-2024) — Relates to certain tax deductions related to the sale, production, or distribution of cannabis products

Permits certain tax deductions related to the sale, production, or distribution of cannabis products.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S7508** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S7508&term=2023&Text=Y)

## Votes

- Rules Vote — **18–3** (pass) · upper
- Assembly Vote — **116–29** (pass) · lower
- Floor Vote — **43–18** (pass) · upper

## Sponsors

- Luis R. Sepúlveda — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-06-02** REFERRED TO RULES `referral-committee`
- **2023-06-05** ORDERED TO THIRD READING CAL.1602
- **2023-06-05** PASSED SENATE `passage`
- **2023-06-05** DELIVERED TO ASSEMBLY
- **2023-06-05** REFERRED TO WAYS AND MEANS `referral-committee`
- **2023-06-08** SUBSTITUTED FOR A7692
- **2023-06-08** ORDERED TO THIRD READING RULES CAL.745
- **2023-06-08** PASSED ASSEMBLY `passage`
- **2023-06-08** RETURNED TO SENATE
- **2023-11-13** DELIVERED TO GOVERNOR `executive-receipt`
- **2023-11-17** SIGNED CHAP.671 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/66eb8a0d-1b48-4b8d-b00a-7a11616f88e3`. Confidence: reported (aggregated from official New York legislature records).