summary
Introduced
01/19/2021
01/19/2021
In Committee
02/03/2021
02/03/2021
Crossed Over
Passed
Dead
04/30/2021
04/30/2021
Introduced Session
2021 Regular Session
Bill Summary
An act relating to taxes and fees; creating Part I of ch. 566, F.S., entitled "Excise Tax"; providing definitions relating to an excise tax on recreational marijuana; imposing an excise tax on recreational marijuana; providing for inflation adjustments to the tax rate; providing for collection of the tax; providing for distribution of tax revenues; requiring an annual report concerning tax revenues; prohibiting falsifying records or other violations; providing criminal penalties; amending s. 566.036, F.S.; authorizing an application fee for marijuana establishments; amending s. 566.037, F.S.; conforming provisions to changes made by the act; providing for rulemaking concerning application fees; providing a contingent effective date.
AI Summary
This bill imposes an excise tax of $50 per ounce on the sale or transfer of marijuana from marijuana cultivation facilities to retail marijuana stores or marijuana product manufacturing facilities. The tax rate will be adjusted annually for inflation. The bill requires marijuana cultivation facilities to file monthly returns and make tax payments, and allows the state to revoke a facility's license for failure to make the required tax payments. The revenues from the tax will be distributed to the Child Care Trust Fund, with 15% going to the Alcoholic Beverage, Marijuana, and Tobacco Trust Fund. The bill also authorizes the state to charge an application fee of up to $5,000 for marijuana establishment licenses, and requires the state to forward this fee to a locality if the locality issues a license to an applicant after the state fails to do so within 90 days.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Died in Regulatory Reform Subcommittee (on 04/30/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2021/293 |
| Bill | https://www.flsenate.gov/Session/Bill/2021/293/BillText/Filed/PDF |
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