summary
Introduced
03/02/2021
03/02/2021
In Committee
03/05/2021
03/05/2021
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 s. 566.801, F.S.; specifying fees under ch. 566, F.S., for various applications, renewals, and other purposes; creating s. 566.802, F.S.; providing contributions for early approval adult use dispensing organization licenses; creating s. 566.803, F.S.; providing that the Department of Business and Professional Regulation may revise fees after a specified date; creating s. 566.804, F.S.; providing for certain mandatory contributions for obtaining early approval adult use dispensing organization licenses; creating s. 566.805, F.S.; levying a tax on the cultivation of cannabis; specifying the amount of the tax; providing for the collection, payment, and administration of the tax; providing for rulemaking; creating s. 566.806, F.S.; providing definitions; levying a tax on cannabis purchases; providing exceptions; providing for the collection, payment, and administration of the tax; requiring recordkeeping; prohibiting specified offenses concerning the tax; providing criminal penalties; providing for rulemaking; providing a contingent effective date.
AI Summary
This bill creates several new sections in Florida Statutes related to the taxation and fees for the legalization of recreational marijuana. The key provisions are:
1. It establishes a range of licensing and registration fees for various entities involved in the cannabis industry, including early approval adult use dispensing organizations, conditional adult use dispensing organizations, adult use dispensing organizations, cultivators, craft growers, infusers, and transporters.
2. It levies a 7% tax on the gross receipts from the first sale of cannabis by a cultivator. It also imposes a separate excise tax on the purchase of cannabis by consumers, with rates ranging from 10% to 25% depending on the THC content.
3. It requires cultivators and cannabis retailers to register with the Department of Revenue and file monthly tax returns. It also establishes penalties for various violations, including tax evasion.
4. It directs the revenue from the cultivation tax to the Alcoholic Beverage, Marijuana, and Tobacco Trust Fund, and the revenue from the cannabis excise tax to the Cannabis Regulation Fund.
5. The bill's effective date is contingent on the passage of related legislation, HB 1597 or a similar bill, during the same legislative session.
Committee Categories
Government Affairs
Sponsors (1)
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/2021/1599 |
| Bill | https://www.flsenate.gov/Session/Bill/2021/1599/BillText/Filed/PDF |
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