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CO HB1345
Bill
Status
Failed
5/4/2017
Primary Sponsor
Robert Rankin
Click for details
AI Summary
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Maintains the retail marijuana sales tax rate at 10% indefinitely, eliminating a scheduled reduction to 8% that was set to take effect on July 1, 2017.
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Amends Colorado Revised Statutes 39-28.8-202 to remove the provision that would have decreased the tax rate from 10% to 8% beginning July 1, 2017.
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Applies the 10% tax rate to all sales of retail marijuana and retail marijuana products by retailers, in addition to existing state and local sales taxes.
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Includes a safety clause declaring the act necessary for the immediate preservation of public peace, health, and safety.
Legislative Description
Retail Marijuana Sales Tax Rate
Liquor, Tobacco, & Marijuana
Last Action
Senate Committee on Finance Postpone Indefinitely
5/4/2017
Committee Referrals
Finance5/1/2017
Appropriations4/19/2017
Full Bill Text
No bill text available