An Act establishing a local value added tax on cannabis cultivation sales
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to introduce a local value-added tax on cannabis cultivation sales within Massachusetts. The tax would be applied to the value added at each stage of the cultivation process, from the initial growth of the plant to its final form ready for sale. This revenue would be allocated to local governments to support community programs and services. The bill aims to generate additional revenue for local communities involved in the cannabis industry.
Key provisions
- Establishes a local value-added tax on cannabis cultivation sales.
- Specifies that the tax applies to the value added at each stage of cultivation.
- Directs revenue generated to local governments.
- Intends to fund local community programs and services.
- Addresses cannabis cultivation specifically.
Who is affected
- Cannabis cultivators
- Local governments
- Massachusetts residents
Notable changes
- Introduces a new tax specifically for cannabis cultivation.
- Creates a new revenue stream for local governments.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Michael J. Soter
Cosponsor
Michael J. Soter
Arguments
Reasons offered for and against this legislation.
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