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CA SBX616
Bill
Status
Introduced
4/6/2010
Primary Sponsor
Ronald Calderon
Click for details
AI Summary
- Imposes a tax on distribution of medical marijuana at a rate equivalent to the tobacco products tax rate, effective 90+ days after enactment
- Establishes a Cannabis Tax Account in the General Fund to receive all tax revenues minus refunds
- Requires the State Board of Equalization to report within six months on the effects of the marijuana distribution tax, with this reporting requirement repealing four years after submission
- Requires 2/3 vote in both legislative houses as this constitutes a change in state taxes under California Constitution Article XIII A
- Administration of the tax follows the Fee Collection Procedures Law with "cannabis" substituted for "tobacco products"
Legislative Description
Taxation: marijuana.
Last Action
Set, first hearing. Hearing canceled at the request of author.
6/22/2010
Committee Referrals
Revenue and Taxation4/19/2010
Rules4/6/2010
Full Bill Text
No bill text available