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2022-078 - Adding Commercial Cannabis Business Activity Tax Rate
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2022-078 - Adding Commercial Cannabis Business Activity Tax Rate
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10/6/2022 3:28:52 PM
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10/6/2022 3:28:16 PM
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City Clerk
Doc Type
Resolution
Agency
Clerk of the Council
Doc #
2022-078
Item #
22
Date
10/4/2022
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adult -use cannabis retail business (temporary consumption and/or special events) and <br />qualified social equity adult -use cannabis retail business (temporary consumption and/or <br />special events) activities at zero ($0) dollars per square foot. The (1) twenty-five ($25) <br />dollars per square foot, square footage tax rates for adult -use cannabis retail business <br />(including delivery, but not including consumption lounge and temporary consumption <br />and/or special events), plus adult -use cannabis retail business (including delivery and <br />consumption lounge), together with qualified social equity adult -use cannabis retail business <br />(including delivery and consumption lounge) business activities; and (2) the zero ($0) dollars <br />per square foot, square footage tax rates for adult -use cannabis retail business (temporary <br />consumption and/or special events) and qualified social equity adult -use cannabis retail <br />business (temporary consumption and/or special events) activities shall all become effective <br />January 1, 2023. <br />Section 4. The City Council hereby establishes: (1) the commercial cannabis <br />cultivation gross receipts tax rate; (2) the manufacturing (including shared manufacturing) <br />gross receipts tax rate; and (3) the distribution gross receipts tax rate at one (1 %) percent. <br />The reduced one (1%) percent gross receipts tax rate for cultivation activities, <br />manufacturing (including shared manufacturing) activities, and distribution activities shall <br />become effective January 1, 2023. <br />Section S. The City Council hereby establishes: (1) the commercial cannabis <br />square footage tax rate for cultivation activities at seven ($7) dollars per square foot and <br />for manufacturing activities at three ($3) dollars per square foot (lowering both from ten <br />($10) dollars per square foot); (2) the commercial cannabis square footage tax for <br />distribution activities at three ($3) per square foot (lowering it from four ($4) per square <br />foot); and (3) the shared manufacturing square footage tax at zero ($0) per square foot. <br />The reduced seven ($7) per square foot tax rate for cultivation activities, the reduced <br />three ($3) per square foot tax rate for manufacturing activities, the reduced three ($3) per <br />square foot tax rate for distribution activities, and the zero ($0) per square foot tax rate <br />for shared manufacturing shall all become effective January 1, 2023. <br />Section 6. This Resolution, upon its adoption by the City Council, shall take effect <br />January 1, 2023, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />ADOPTED this 4'h day of October. 2022. <br />Vicente Sarmiento <br />Mayor <br />Resolution No. 2022-078 <br />Page 5 of 6 <br />
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