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File #: 201009    Version: 1 Name: Business and Tax Regulations Code - Temporary Suspension of Cannabis Business Tax, and Tax Reduction
Type: Ordinance Status: Passed
Introduced: 9/1/2020 In control: Clerk of the Board
On agenda: Final action: 11/25/2020
Enactment date: 11/25/2020 Enactment #: 240-20
Title: Ordinance amending the Business and Tax Regulations Code to suspend the imposition of the Cannabis Business Tax through December 31, 2021; beginning January 1, 2022, to increase the exemption of gross receipts attributable to the City from cannabis business activities, from the first $500,000 to the first $1,000,000; and also beginning January 1, 2022, to increase the upper range of gross receipts attributable to the City from cannabis business activities subject to the 2.5% tax rate on gross receipts from retail sales and the 1% tax rate on gross receipts from other than retail sales, from $1,000,000 to $1,500,000.
Sponsors: Rafael Mandelman
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. FYI Referral 091620, 4. SBC Referral 091620, 5. BLA Report 110420, 6. Comm Pkt 110420, 7. Post Pkt Correspondence, 8. SBC Response 110520, 9. Board Pkt 111020, 10. Post Pkt Correspondence, 11. Board Pkt 111720, 12. Leg Final
Legislation Details
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