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LA HB636
Bill
Status
4/4/2025
Primary Sponsor
Edmond Jordan
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AI Summary
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Levies a 15% excise tax on wholesale sales of cannabis from production facilities to retailers, calculated based on the average market price determined annually by the Secretary of Revenue
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Applies to six categories of cannabis: buds, leaves, immature plants, seeds, wet whole plants, and cannabis used to produce cannabis-infused products, with tax calculated by weight or unit count depending on category
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Exempts medical marijuana obtained pursuant to R.S. 40:1046 from the tax
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Dedicates all tax revenues to the minimum foundation program exclusively for salary increases for K-12 public school certified teachers and full-time school support personnel
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Effective January 1, 2026, with the Department of Revenue authorized to promulgate rules and enforce collection of taxes, penalties, and interest
Legislative Description
Levies an excise tax on cannabis and provides for the use of monies derived from the tax (OR INCREASE GF EX See Note)
TAX/EXCISE
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025