My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 25 - Ordinance Amendment No. 2022-01 - Commercial Cannabis Regulatory and Tax Updates
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2022
>
09/20/2022 Special and Regular
>
Item 25 - Ordinance Amendment No. 2022-01 - Commercial Cannabis Regulatory and Tax Updates
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/14/2023 2:37:40 PM
Creation date
8/14/2023 2:37:07 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
25
Date
9/20/2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
107
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Ordinance No. NS-XXX <br />Page 50 of 66 <br /> <br /> <br />Section 501) of Chapter 1 of Subtitle A of the Internal Revenue Code of <br />1986. An institution or organization operating as a collective/cooperative <br />and claiming a gross receipts assessment business license tax exemption <br />under this section shall have the burden of furnishing to the collector such <br />information as the collector may require to validate the claim of exemption <br />including but not limited to such a determination by the California Franchise <br />Tax Board or any other information requested by the collector. <br />(7) For the purposes of this article, "gross receipts" shall mean any transfer of <br />title or possession, exchange or barter, conditional or otherwise, in any <br />manner or by any means whatsoever, of tangible personal property for a <br />consideration including any monetary consideration for marijuana <br />whatsoever, including, but not limited to, membership dues, <br />reimbursements provided by members, regardless of form, or the total <br />amount of cash or in-kind contributions, including all operating costs related <br />to the growth, cultivation or provision of marijuana or any transaction related <br />thereto. "Gross receipts" shall also include without limitation anything else <br />of value obtained by a collective/cooperative. The term "gross receipts" <br />shall also include the total amount of the sale price of all sales, the total <br />amount charged or received for the performance of any act, service or <br />employment of whatever nature it may be, whether or not such service, act <br />or employment is done as a part of or in connection with the sale of goods, <br />wares, merchandise, for which a charge is made or credit allowed, including <br />all refunds, cash credits and properties of any amount or nature, any <br />amount for which credit is allowed by the seller to the purchaser without any <br />deduction therefrom, on account of the cost of the property sold, the cost of <br />materials used, the labor or service cost, interest paid or payable, losses, <br />or any other expense whatsoever; provided that cash discounts allowed or <br />payment on sales shall not be included. "Gross receipts" shall also include <br />the amount of any federal, manufacturer's or importer's excise tax included <br />in the price of property sold, even though the manufacturer or importer is <br />also the retailer thereof and whether or not the amount of such tax is stated <br />as a separate charge. "Gross receipts" shall not include the amount of any <br />federal tax imposed on or with respect to retail sales whether or not the <br />amount of such tax is stated as a separate charge. "Gross receipts" shall <br />not include the amount of any federal tax imposed on or with respect to retail <br />sales whether imposed upon the retailer or the consumer and regardless of <br />whether or not the amount of federal tax is stated to customers as a <br />separate charge, or any California state, city or city and county sales or use <br />tax required by law to be included in or added to the purchase price and <br />collected from the consumer or purchaser, or such part of the sales price of <br />any property previously sold and returned by the purchaser to the seller <br />which is refunded by the seller by way of cash or credit allowances given or
The URL can be used to link to this page
Your browser does not support the video tag.