CO HB1203

Authorizes counties and statutory municipalities to levy a special sales tax on retail marijuana and retail marijuana products, subject to voter approval.

Counties may impose the tax in unincorporated areas and in municipalities that do not have their own marijuana sales tax, but county taxes become invalid if a municipality later approves its own tax unless an intergovernmental agreement is reached.

Municipalities are authorized to levy their own special sales tax on retail marijuana and marijuana products, also subject to voter approval.

Tax proposals must be submitted to eligible voters on the state general election date, the first Tuesday in November of odd-numbered years, or in the case of municipalities, on a municipal biennial election date.

Counties and municipalities (not the state Department of Revenue) collect and administer the tax, and may allow marijuana retailers to retain a percentage to cover collection expenses; revenues may be credited to the general fund or any special fund and used for any purpose determined by the governing body.