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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />B. Business license tax rates for Marijuana Businesses and Cultivation <br />Facilities. <br />1. Every Marijuana Business shall pay business tax at a rate of up to ten <br />percent (10 %) of Gross Receipts. The tax shall be initially set at a rate of seven <br />and one half percent (7.5 %). The tax under this Chapter shall not be increased <br />on Marijuana Businesses unless and until the City Council by ordinance takes <br />action, and the tax rate shall not exceed ten percent (10 %) of Gross Receipts. <br />2. Notwithstanding the maximum tax rate of ten percent (10 %) of Gross <br />Receipts imposed under Subsection B.1., the City Council may in its discretion at <br />any time by ordinance implement a lower tax rate for all Marijuana Businesses, <br />as defined in such ordinance, subject to the maximum rate of ten percent (10 %) <br />of Gross Receipts. The City Council may by ordinance increase any such tax rate <br />from time to time, not to exceed the maximum tax rate of ten percent (10 %) of <br />Gross Receipts established under Subsection B.1. <br />3. In addition to the foregoing, the owner, operator, or lessee of any <br />"Marijuana Business," "Cultivation Facility" or "Grow Site" existing to supply <br />marijuana to a Marijuana Business shall pay a tax of up to ten dollars ($10.00) <br />per Square Foot on all improvements owned, rented, leased or otherwise <br />occupied or used by a Cultivation Facility or Grow Site. The tax shall initially be <br />set at a rate of five dollars ($5) per Square Foot. The City Council may by <br />ordinance increase any such tax rate from time to time, not to exceed the <br />maximum tax rate of ten dollars ($10) per Square Foot. <br />4. There is imposed on every Marijuana Business that is a not for profit, a <br />non profit, or Non - Profit Organization, or a for profit business, including all of its <br />ancillary locations, regardless of the number of square feet it occupies, a tax of <br />five dollars ($5.00) per Square Foot on all business improvements occupied by <br />that Marijuana Business and Cultivation Facility or Grow Site. For the purpose of <br />this Section, all of the square feet of improvements owned, rented, leased or <br />CITY OF - MEDICAL MARIJUANA TAX INITIATIVE [PROPOSED] -4 <br />