Sales Tax On Retail Marijuana
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
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 Along with the repeal of the state exemption, this contingent authority is repealed.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.)
Prime Sponsors
Representative
Steve Lebsock
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/10/2018 | Introduced |
| 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 |