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FL H7029
Bill
Status
Introduced
4/2/2025
Primary Sponsor
Commerce Committee
Click for details
AI Summary
- Imposes a 15% excise tax on the retail sale of hemp consumable THC products in Florida, collected from purchasers by registered dealers and stated separately on invoices
- Requires all dealers of hemp consumable THC products to obtain a certificate of registration from the Department of Agriculture and Consumer Services before selling; failure to register is a first-degree misdemeanor with a $100 registration fee
- Directs the first $6 million in excise tax revenue to the department's General Inspection Trust Fund for enforcement and product testing, with remaining proceeds deposited into the General Revenue Fund
- Establishes a comprehensive enforcement framework including penalties for late filing (10% per 30 days up to 50%), 1% monthly interest on delinquent taxes, criminal penalties for fraud and tax evasion scaled by dollar amount, and authority for the department to issue warrants, liens, and subpoenas
- Takes effect January 1, 2026, contingent on passage of HB 7027 or similar legislation in the same session, and authorizes the department to adopt emergency rules immediately upon becoming law
Legislative Description
Taxation of Hemp Consumable THC Products
Last Action
Died on Second Reading Calendar
6/16/2025
Committee Referrals
Commerce Committee4/18/2025
Budget Committee4/7/2025
Full Bill Text
No bill text available