SB 41
Revises provisions relating to the taxation of cannabis establishments. (BDR 32-284)
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- Passed Senate
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Bill overview
This bill updates the taxation of cannabis establishments in Nevada. It requires all cannabis businesses to obtain a new ‘cannabis tax permit’ issued by the Department of Taxation, in addition to any existing licenses. The bill defines key terms related to cannabis taxation, establishes application requirements for the new permit, and outlines procedures for the Department to issue and potentially revoke or suspend permits for non-compliance with excise tax regulations. The requirement for the new permit goes into effect on January 1, 2027, with provisions for compliance before that date. Finally, the bill includes provisions for transferring licenses and ensuring compliance with tax liabilities.
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Primary sponsor
Senate Committee on Revenue and Economic Development
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