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Title:
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Motion ordering submitted to the voters, at an election to be held on November 6, 2018, an Ordinance amending the Business and Tax Regulations Code to impose an additional gross receipts tax, starting January 1, 2021, on gross receipts from cannabis business activities, but exempting the first $500,000 of gross receipts and exempting retail sales of medicinal cannabis; said tax to be between 1% and 5% depending on the type of cannabis business activity and amount of gross receipts, but may be adjusted at any time within a range of 0% to 7% by an ordinance adopted by a two-thirds vote of the Board of Supervisors for any increase (which is limited to 1% annually) or an ordinance adopted by a majority vote of the Board of Supervisors for any decrease; and increasing the City’s appropriations limit by the amount collected under the new tax for four years from November 6, 2018.
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Attachments:
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1. Leg Ver1, 2. Leg Dig Ver1, 3. Leg Ver2, 4. Leg Dig Ver2, 5. Referral CEQA 061218, 6. Referral CON 061218, 7. Referral SBC 061218, 8. Referral Mandated 061218, 9. CON Analysis 070318, 10. CON Ltr 071118, 11. Comm Pkt 071218, 12. CEQA Determination 070318, 13. Comm Pkt 071918, 14. Referral CEQA 071818, 15. Referral CON 071818, 16. Referral SBC 071818, 17. Referral Mandated 071818, 18. Leg Ver3, 19. Leg Dig Ver3, 20. Comm Pkt 072618, 21. CON Analysis 072418, 22. Bd Pkt 073118
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