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FL H0293
Bill
Status
Failed
4/30/2021
Primary Sponsor
Yvonne Hayes Hinson
Click for details
AI Summary
- Imposes an excise tax of $50 per ounce on recreational marijuana sold or transferred from cultivation facilities to retail stores or product manufacturing facilities, with annual inflation adjustments beginning in 2023 based on the Consumer Price Index
- Directs 85% of excise tax revenues to the Child Care Trust Fund and 15% to the Alcoholic Beverage, Marijuana, and Tobacco Trust Fund, with monthly transfers by the Chief Financial Officer
- Requires marijuana cultivation facilities to file monthly tax returns reporting all marijuana held, purchased, manufactured, or transported, with license revocation as a penalty for failure to pay
- Establishes a marijuana establishment license application fee not to exceed $5,000, with the Division of Alcoholic Beverages, Marijuana, and Tobacco beginning to accept applications by August 1, 2022
- Makes willful falsification of records or violation of excise tax provisions a third-degree felony, and provides a contingent effective date tied to the passage of HB 291 (the companion recreational marijuana legalization bill)
Legislative Description
Taxes and Fees/Recreational Marijuana
Last Action
Died in Regulatory Reform Subcommittee
4/30/2021
Committee Referrals
Regulatory Reform Subcommittee2/3/2021
Full Bill Text
No bill text available