Bill

Bill > SCR170


HI SCR170

HI SCR170
Requesting The Department Of Business, Economic Development, And Tourism To Conduct A Study On The Projected Revenue That Would Be Generated For The State From The Legalization Of Recreational Marijuana If It Were Taxed At A Rate Equal To The Existing General Excise Tax Rate.


summary

Introduced
03/11/2022
In Committee
03/16/2022
Crossed Over
03/31/2021
Passed
Dead
05/05/2022

Introduced Session

2021 Regular Session

Bill Summary

RESOLUTION requesting the Department of Business, Economic Development, and Tourism to conduct a study on the PROJECTED revenue that Would be generated for the State from the legalization of recreational marijuana if it were taxed at a rate equal to the existing general excise tax rate. .

AI Summary

This Concurrent Resolution directs the Department of Business, Economic Development, and Tourism to conduct a study to estimate the amount of money the state of Hawaii could collect in taxes if recreational marijuana were legalized and taxed at the same rate as the current general excise tax. The study should project revenue over a five-year period, involve consultation with relevant public and private entities, and the findings, along with any legislative proposals, must be submitted to the state Legislature by January 2024. This request comes in the context of other states having already legalized or decriminalized marijuana, leading to significant tax revenue.

Committee Categories

Agriculture and Natural Resources, Justice

Sponsors (8)

Last Action

Referred to EET. (on 03/16/2022)

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