HB 15-1007: Local Government Retail Marijuana Taxes

• Authorizes counties and municipalities to levy local excise taxes on the first sale or transfer of unprocessed retail marijuana by cultivation facilities, subject to voter approval.

• Local excise taxes can only be imposed on the first sale between a cultivation facility and a manufacturer, retailer, or another cultivation facility, in addition to state excise and sales taxes.

• Tax proposals must be submitted to voters on the state general election date, the first Tuesday in November of odd-numbered years, or (for municipalities only) municipal biennial election dates.

• Counties and municipalities are responsible for collecting and administering local marijuana taxes, not the state Department of Revenue; tax revenues can be credited to general or special funds and used for any purpose determined by the governing body.

• Metropolitan districts with boundaries entirely in unincorporated county areas are authorized to impose similar excise taxes, subject to the same election requirements and voter approval.