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HB18-1062

Sales Tax On Retail Marijuana

Type Bill
Session 2018 Regular Session
Subjects
Gaming, Lottery, & Racing Fiscal Policy & Taxes

Concerning the sales tax imposed on sales of retail marijuana, and, in connection therewith, reducing the retail marijuana sales tax rate by two and nine-tenths percent and repealing the general state sales tax exemption for sales of retail marijuana.

Bill Summary:

On March 1, 2018, the bill repeals the general state sales tax exemption for sales of retail marijuana and reduces the retail marijuana sales tax by 2.9% from 15% to 12.1%. With the repeal of the state exemption, sales of retail marijuana will automatically be subject to the sales tax levied by a limited purpose governmental entity whose sales tax authority is the same as the state.

Currently, statutory municipalities and counties are authorized to create an exemption for sales of retail marijuana that are exempt from the state general sales tax. Along with the repeal of the state exemption, this contingent authority is repealed.


(Note: This summary applies to this bill as introduced.)

Status

Lost

Introduced

Lost

Related Documents & Information

Date Version Documents
01/10/2018 Introduced PDF
Date Version Documents
08/15/2018 FN2 PDF
01/19/2018 FN1 PDF
Activity Vote Documents
Adopt amendment L.001 [Attachment B]. The motion passed without objection. Vote summary
Refer House Bill 18-1062, as amended, to the Committee on Appropriations. The motion failed on a vote of 0-13. Vote summary
Postpone House Bill 18-1062 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 13-0. Vote summary
Activity Vote Documents
Date Location Action
02/07/2018 House House Committee on Finance Postpone Indefinitely
01/10/2018 House Introduced In House - Assigned to Finance + Appropriations

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