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 55 of 66 <br /> <br /> <br />(b) These tax rates shall not be adjusted for inflation pursuant to section 21-121 of this <br />Chapter. <br />(c) Notwithstanding the tax rates imposed herein under subsection (a), the City Council <br />may, in its discretion, at any time by resolution, implement any lower tax rate it <br />deems appropriate, and may by resolution increase such tax rate from time to time, <br />not to exceed the maximum rates established by subsection (a). <br />(d) As of the operative date of this Article, the business license gross receipts tax rates <br />and square footage tax rates application to specific commercial cannabis business <br />activities shall be have been established as follows: by city ordinance [(Ordinance <br />No. NS-2962, Section 2 (Exhibit A-1), adopted 11-6-18; and Ordinance No. NS- <br />2972, Section 7, adopted 9-3-19)] and by the following resolutions as referenced <br />hereinbelow in subsections (s), (t), and (u). <br /> <br />Commercial Cannabis Business Activity Gross Receipts <br />Tax Rate <br />Gross Square <br />Footage Tax Rate <br />Adult-use Cannabis Retail Business (including Delivery) 8% $25.00 <br />Cultivation 6% $10.00 <br />Distribution 6% $4.00 <br />Manufacturing 6% $10.00 <br />Testing Facility or Testing Laboratory (effective December <br />21, 2018 through June 30, 2019) <br />5% $ 1.50 <br />Testing Facility or Testing Laboratory (effective beginning <br />July 1, 2019) <br />1% $ 1.50 <br /> <br />With respect to Ccommercial cannabis businesses not having a fixed place of <br />business within the city but conducting regular, non-incidental commercial cannabis <br />business activities within the city, such businesses shall be subject to the gross <br />receipts tax rate(s) as set out in the table above pursuant to this Article based on the <br />category/categories of commercial cannabis activity conducted. However, such out- <br />of-town commercial cannabis businesses shall not be subject to any gross square <br />footage tax rate(s). <br /> <br />(e) As part of the annual gross receipts/square footage tax(es) imposed by this Article, <br />each commercial cannabis business located within the city shall pay a minimum <br />basic rate of two thousand dollars ($2,000.00) annually for each branch <br />establishment or separate property location of the commercial cannabis business <br />transacted and carried on in the city, and for each separate type of commercial
The URL can be used to link to this page
Your browser does not support the video tag.