summary
Introduced
01/21/2022
01/21/2022
In Committee
02/09/2022
02/09/2022
Crossed Over
Passed
Dead
05/05/2022
05/05/2022
Introduced Session
2022 Regular Session
Bill Summary
Requires the Department of Business, Economic Development, and Tourism to study the potential tax revenues to be generated for the State through the legalization of recreational marijuana if it were taxed at a rate equal to the existing general excise tax rate.
AI Summary
This bill requires the Department of Business, Economic Development, and Tourism (DBEDT) to conduct a study on the potential tax revenue that could be generated for the state of Hawaii through the legalization of recreational marijuana, if it were taxed at the same rate as the existing general excise tax. The study must include a five-year projection of the potential revenue, and DBEDT may consult with other public or private entities to complete the study. DBEDT must submit a report of its findings and recommendations, including any proposed legislation, to the legislature no later than 20 days prior to the start of the 2024 regular legislative session.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (9)
Stanley Chang (D)*,
Lynn DeCoite (D)*,
Mike Gabbard (D)*,
Dru Kanuha (D)*,
Gilbert Keith-Agaran (D)*,
Chris Lee (D)*,
Joy San Buenaventura (D)*,
Les Ihara (D),
Michelle Kidani (D),
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 02/09/2022)
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