BILL · 2015–16 SESSION

SB 5467: Rec. marijuana sales exc tax

Providing a single point of excise taxation on sales of recreational marijuana.

Summary

  • The bill repeals the excise taxes imposed on marijuana and creates a new tax that is imposed on the purchaser at retail. The tax is set at: 37 percent until July 1, 2017; 30 percent from July 1, 2017, through June 30, 2019; and 25 percent beginning July 1, 2019.

From the Senate Bill Report (SB 5467), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 22, 2015
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Brian Hatfield (D-19)
Introduced
January 22, 2015 in the Senate
Last action
March 10, 2016
Budget
Has a fiscal note

AN ACT Relating to providing a single point of excise taxation on sales of recreational marijuana;

Sponsors

Prime sponsor: Brian Hatfield (D-19)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. Referred to Ways & Means.
  7. And refer to Ways & Means.
  8. CL - Majority; without recommendation.
  9. First reading, referred to Commerce & Labor.

SB 5467 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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