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CO HB1345

Bill

Status

Failed

5/4/2017

Primary Sponsor

Robert Rankin

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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