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LA HB187

Bill

Official Source

Status

Introduced

3/31/2025

Primary Sponsor

Bryan Fontenot

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Increases the excise tax rate on consumable hemp products from 3% to 15% of the retail sales price
  • Consumable hemp products include any industrial hemp-derived product containing cannabinoids (CBD or THC) intended for consumption or topical use
  • The excise tax is levied in addition to existing state and local sales and use taxes
  • Retailers must report and pay the tax monthly by the 20th of the following month
  • Effective July 1, 2025, applying to taxable periods beginning on or after that date

Legislative Description

Increases the rate of excise tax on consumable hemp products (OR +$3,600,000 SD RV See Note)

TAX/EXCISE

Last Action

Read by title, under the rules, referred to the Committee on Ways and Means.

4/14/2025

Committee Referrals

Ways and Means3/31/2025

Full Bill Text

No bill text available