Bill

Bill > S0666


FL S0666

Taxes/Excise Tax on Recreational Marijuana


summary

Introduced
01/14/2021
In Committee
01/28/2021
Crossed Over
Passed
Dead
04/30/2021

Introduced Session

2021 Regular Session

Bill Summary

Imposing an excise tax on recreational marijuana; requiring the Department of Business and Professional Regulation to annually calculate and publish an adjusted excise tax rate; authorizing the Division of Alcoholic Beverages, Marijuana, and Tobacco to revoke a marijuana cultivation facility's license under certain circumstances; authorizing counties and municipalities to establish additional excise taxes on the sale and purchase of marijuana, etc.

AI Summary

This bill imposes an excise tax of $50 per ounce on the sale or transfer of marijuana from a marijuana cultivation facility to a retail marijuana store or marijuana product manufacturing facility. The Department of Business and Professional Regulation is required to annually adjust the excise tax rate for inflation. The bill also authorizes counties and municipalities to establish additional excise taxes on the sale and purchase of marijuana, but the tax rate may not exceed 15 percent. Additionally, the bill allows the Division of Alcoholic Beverages, Marijuana, and Tobacco to revoke a marijuana cultivation facility's license if the facility fails to make the required tax payments.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Died in Regulated Industries (on 04/30/2021)

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