Katelyn Baker
Well-Known Member
Eureka, Calif. - At their meeting Tuesday, the Humboldt County Board of Supervisors approved a letter of support for State Assembly Bill 1410, which will allow licensed cannabis cultivators to submit tax payments through a licensed distributor.
The bill is an alternative to an initiative measure known as the Control, Regulate and Tax Adult Use of Marijuana Act, which would impose a cultivation tax starting January 1, 2018 on all harvested marijuana that enters the commercial market.
AB1410 would instead require a person required to be licensed as a distributor under the act and the Medical Cannabis Regulation and Safety Act to collect the cultivation tax from the taxpayer and give to the taxpayer a receipt in the manner and form prescribed by the board, except as specified.
By expanding the application of the Fee Collection Procedures Law, which imposes criminal penalties for various acts, this bill would impose a state-mandated local program.
This bill would require the person required to be licensed as a distributor to file the tax return instead of the person required to be licensed for cultivation, except as specified. The bill would also require all persons required to be licensed as a distributors who are required to collect the tax to obtain a separate permit at no charge.
The bill is written by Assemblymember Jim Wood and Senator Mike McGuire.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Board Of Supervisors Approves Letter Of Support To AB1410
Author: Geneva Peppars
Contact: (707) 444-2323
Photo Credit: None Found
Website: KRCR News Channel
The bill is an alternative to an initiative measure known as the Control, Regulate and Tax Adult Use of Marijuana Act, which would impose a cultivation tax starting January 1, 2018 on all harvested marijuana that enters the commercial market.
AB1410 would instead require a person required to be licensed as a distributor under the act and the Medical Cannabis Regulation and Safety Act to collect the cultivation tax from the taxpayer and give to the taxpayer a receipt in the manner and form prescribed by the board, except as specified.
By expanding the application of the Fee Collection Procedures Law, which imposes criminal penalties for various acts, this bill would impose a state-mandated local program.
This bill would require the person required to be licensed as a distributor to file the tax return instead of the person required to be licensed for cultivation, except as specified. The bill would also require all persons required to be licensed as a distributors who are required to collect the tax to obtain a separate permit at no charge.
The bill is written by Assemblymember Jim Wood and Senator Mike McGuire.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Board Of Supervisors Approves Letter Of Support To AB1410
Author: Geneva Peppars
Contact: (707) 444-2323
Photo Credit: None Found
Website: KRCR News Channel
