Bill

Bill > HB119


AK HB119

AK HB119
Marijuana: Tax/retail Stores/registration


summary

Introduced
03/17/2023
In Committee
05/11/2024
Crossed Over
05/10/2024
Passed
Dead
05/16/2024

Introduced Session

33rd Legislature

Bill Summary

An Act relating to the lawful operation of retail marijuana stores; relating to the registration of marijuana establishments; relating to marijuana taxes; and providing for an effective date.

AI Summary

This bill amends Alaska's laws related to the lawful operation of retail marijuana stores, the registration of marijuana establishments, and marijuana taxes. Key provisions include: - Allowing retail marijuana stores to deliver or transfer marijuana or marijuana products to consumers, marijuana cultivation facilities, and marijuana product manufacturing facilities. - Changing the registration process for marijuana establishments, including requiring fingerprints and criminal background checks every 6 years (instead of 5) and making registrations biennial (instead of annual). - Establishing a 7% sales tax on the sale of marijuana and marijuana products from retail marijuana stores to consumers. - Reducing the excise tax on the sale or transfer of marijuana from cultivation facilities to retail stores or manufacturing facilities from $50 per ounce to $12.50 per ounce. - Requiring retail marijuana stores to submit quarterly (instead of monthly) statements and tax payments to the state. The bill also makes some other technical and administrative changes to the state's marijuana laws.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Rules (House)

Last Action

REFERRED TO FINANCE (on 05/11/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...