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Presentation- #1
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07/29/2022 Special
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Presentation- #1
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City Clerk
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7/29/2022
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Topic Direction <br /> Topical areas where direction is needed. <br /> Retail tax rates <br /> Yes or No-Should taxes be lowered on retail cannabis <br /> businesses? Response <br /> Option 1 - Lower retail tax to 7%, 5%, or 4% <br /> Option 2 - Lower retail tax from 8%to 7%, 6%„ or 5%, with <br /> additional defined community benefit and social equity <br /> obligations <br /> Option 3 - Provide tax credits for businesses engaging in social <br /> equity programs, such as higher wages, minority hiring, etc. <br />
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