Legislation Detail
SB 99 REMOVE INCREMENTAL CANNABIS TAX
Actions: [1] SCC/STBTC/SFC-SCC [2]germane-STBTC [6] DP-SFC
Scheduled: Not Scheduled
Senate Bill 99 (SB 99) removes increases of the Cannabis Excise Tax.Legislation Overview:
Senate Bill 99 (SB 99) removes 1% increases of the Cannabis Excise Tax (tax) beginning July 1, 2025. The tax rate is currently 12% and will not rise to 18% by 2030. The effective date of SB 99 is July 1, 2024.