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2017 Regular Session



Excise Tax and Sales Tax - Cannabis

Sponsored by:

Senator Madaleno


In the Senate - Hearing 3/08 at 1:00 p.m. (Budget and Taxation)

Synopsis:Establishing an excise tax on specified sales of cannabis; providing for the distribution of cannabis excise tax revenues; establishing specified excise tax rates on the sale of cannabis; excluding specified sales of cannabis from the excise tax; requiring the State Comptroller to administer the cannabis excise tax and adopt specified regulations; establishing the Cannabis Tax Distribution Fund as a special, nonlapsing fund to provide supplemental funding for specified programs and purposes; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Madaleno, Currie, Feldman, Ferguson, Guzzone, Kelley, and Smith
Additional Facts:Cross-filed with: HB1186
Bill File Type: Regular
Effective Date(s): October 1, 2017
Bill imposes a mandated appropriation in the annual State Budget Bill
Contingency - on enactment of another bill
Budget and Taxation  View Committee Hearing
Judicial Proceedings
Broad Subject(s):Taxes - Sales and Use
Narrow Subject(s):Appropriations
Cannabis -see also- Smoking
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Excise Tax
Fines -see also- Penalties and Sentences
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Sales and Use Tax
Statutes:Article - Tax - General
(12.5-101 through 12.5-401, 2-1701, 2-1702)

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Explanation of Floor Motions and Actions

November 28, 2017 1:13 P.M.