Bill > S08049

This bill amends the tax law to exempt certain property and services used in the cultivation of cannabis for adult-use from sales and compensating use taxes. Specifically, it expands an existing exemption for tangible personal property used predominantly in the production of tangible personal property by farming to include property used in the cultivation of cannabis for adult-use pursuant to specific licenses under the state's cannabis law. The bill also expands the definition of motor vehicle usage that qualifies for this exemption to include use in the cultivation of cannabis for adult-use.