Legislation

Title: Excise Tax and Sales Tax - Cannabis
Sponsored by: Senators Madaleno, Currie, Feldman, Ferguson, Guzzone, Kelley, and Smith
Status: In the Senate - Hearing 3/08 at 1:00 p.m. (Budget and Taxation)
Analysis: Fiscal and Policy Note

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.

Committees

Original:: Budget and Taxation Click to view Recorded Media; Judicial Proceedings

Details

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

History

Legislation History
Chamber Senate Calendar Date 2/03/2017 Legislative Date 2/03/2017 Action First Reading Budget and Taxation and Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Excise Tax and Sales Tax - Cannabis Proceedings
Chamber Senate Calendar Date 2/08/2017 Legislative Date 2/08/2017 Action Hearing 3/08 at 1:00 p.m. (Budget and Taxation) Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/03/2017	2/03/2017	First Reading Budget and Taxation and Judicial Proceedings
			Text - First - Excise Tax and Sales Tax - Cannabis
Senate	2/08/2017	2/08/2017	Hearing 3/08 at 1:00 p.m. (Budget and Taxation)

File Code

Subjects

Statutes