CA AB567

Establishes a tax penalty amnesty program for medical cannabis-related businesses from July 1, 2017 through December 31, 2017, administered by the State Board of Equalization for tax liabilities from periods before January 1, 2015.

Qualified taxpayers participating in the amnesty program receive waiver of all tax penalties for nonreporting or underreporting of tax liabilities and protection from criminal action for those reporting periods.

Requires qualified taxpayers to file completed tax returns and pay taxes and interest in full within 60 days after the amnesty period ends, or enter into an installment payment agreement with the board.

Authorizes the Department of Consumer Affairs to suspend or refuse to issue state licenses to medical cannabis-related businesses eligible for but not participating in the amnesty program that fail to register or meet tax obligations.

Makes legislative findings that the amnesty program serves a general public purpose and does not constitute a gift of public funds under the California Constitution.