Loading chat...

AK HB94

Bill

Official Source

Status

Introduced

2/12/2025

Primary Sponsor

Frank Tomaszewski

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Reduces the marijuana excise tax from $50 per ounce to $12 per ounce on sales or transfers from cultivation facilities to retail stores or manufacturing facilities
  • Changes marijuana establishment registrations from annual to biennial (every two years) at both the state and local government levels
  • Creates a state income tax exemption for Alaska corporations that qualify as small businesses meeting federal active business requirements under 26 U.S.C. 1202(e), excluding construction, transportation, utility, and fisheries businesses
  • Extends marijuana excise tax liability to unlicensed cultivators who grow beyond personal use limits and sell or transfer marijuana
  • Effective date of July 1, 2025

Legislative Description

Marijuana: Tax/registration; Income Tax

Consumer Affairs

Last Action

REFERRED TO LABOR & COMMERCE

2/12/2025

Committee Referrals

Labor & Commerce2/12/2025

Full Bill Text

No bill text available