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File #: 180765    Version: Name: Initiative Ordinance - Business and Tax Regulations Code - Additional Gross Receipts Tax on Cannabis; Additional Conditions Subjecting Persons to Business Taxes
Type: Motion Status: Passed
Introduced: 7/18/2018 In control: Clerk of the Board
On agenda: Final action: 7/31/2018
Enactment date: 7/31/2018 Enactment #: M18-111
Title: 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; starting January 1, 2019, to expand the conditions that subject a person to certain business taxes by including persons with more than $500,000 in annual gross receipts in the City; and increasing the City’s appropriations limit by the increase in the amount of those business taxes collected compared to the prior year and by the amount collected under the new Cannabis Business Tax, for four years from November 6, 2018.
Sponsors: Malia Cohen
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. Leg Ver2, 4. Leg Dig Ver2, 5. Comm Pkt 072618, 6. CON Analysis 072518, 7. Bd Pkt 073118, 8. Leg Final, 9. Transmittal to Elections 080218
Related files: 180629
Legislation Details
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