Palisades Town Marijuana Sales Tax Increase (November 2011)
This measure was approved
- YES 480 (53.5%)
- NO 398 (44.4%)
This measure sought to increase the current sales tax on marijuana products by a rate of $80,000 a year in order to help with general town budget needs.
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|SHALL THE TOWN OF PALISADE’S TAXES BE INCREASED BY $80,000.00 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY WHATEVER AMOUNTS ARE RAISED ANNUALLY THEREAFTER THROUGH THE LEVY OF AN OCCUPATION TAX IN THE AMOUNT OF $5.00 FOR EACH SALES TRANSACTION BY ANY MEDICAL MARIJUANA CENTER, ALSO KNOWN AS A MEDICAL MARIJUANA DISPENSARY, ANY MEDICAL MARIJUANA OPTIONAL PREMISES CULTIVATION OPERATION, AND ANY MEDICAL MARIJUANA-INFUSED PRODUCTS MANUFACTURER WITHIN THE TOWN OF PALISADE, EFFECTIVE JANUARY 1, 2012; AND SHALL ALL REVENUES DERIVED FROM SUCH OCCUPATION TAX BE COLLECTED AND SPENT, AS A VOTER APPROVED REVENUE CHANGE, NOTWITHSTANDING ANY REVENUE OR EXPENDITURE LIMITATIONS CONTAINED IN ARTICLE X, SECTION 20, OF THE COLORADO CONSTITUTION, ARTICLE 1 OF TITLE 29, COLORADO REVISED STATUSES OR ANY OTHER LAW?|