HB 17-1345

failed

Retail Marijuana Sales Tax Rate

Plain-English Summary

AI-generated

House Bill 17-1345, also known as the Retail Marijuana Sales Tax Rate bill, aims to keep the sales tax on marijuana at 10% instead of reducing it to 8% as was previously planned. This affects anyone who buys or sells recreational marijuana in Colorado. Since the bill has been signed into law, the higher tax rate will remain in place without any reduction scheduled for July 1, 2017, and this impacts both consumers and businesses in the cannabis industry.

Official Summary

Joint Budget Committee. Under current law, the retail marijuana sales tax rate is scheduled to decrease on July 1, 2017, from 10% to 8%. The bill eliminates the reduction and keeps the tax rate at 10%.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Details

Chamber: House
First action: 2017-05-04
Latest action: 2017-04-19
Last action desc.: Introduced In House - Assigned to Appropriations
OpenStates: View source ↗

Votes

Refer House Bill 17-1345 to the Committee on Appropriations. The motion failed on a vote of 2-3.

2017-05-04 · House · fail — Yes: 2 · No: 3 · Other: —

Postpone House Bill 17-1345 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 3-2.

2017-05-04 · House · pass — Yes: 3 · No: 2 · Other: —

Refer House Bill 17-1345 to the Committee of the Whole. The motion passed on a vote of 11-2.

2017-05-04 · House · pass — Yes: 11 · No: 2 · Other: —