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Colorado Marijuana Sales Tax, HB 1318 (2013)

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Colorado Marijuana Sales Tax
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Type:legislatively-referred state statute
Topic:Taxes
Status:On the ballot
The Colorado Marijuana Sales Tax, also known as HB 1318, will appear as a legislatively-referred state statute on the ballot in Colorado for the general election on November 5, 2013. If passed, the measure, which is sponsored by Rep. Jonathan Singer (D-11), would implement a 10% sales tax. This is in addition to the standard 2.9% state sales tax and any local taxes that may apply. The revenue would be used to fund the regulation and monitoring of the marijuana retail business. Another measure, the Colorado Marijuana Excise Tax, is also being sent to the November ballot as a result HB 1318's passage. However, this will appear as a separate measure entirely from that of the excise tax.[1]

Support

This bill is sponsored by Rep. Jonathan Singer.[2]

Opposition

No formal opposition has been identified at this time.

Path to the ballot

On April 30, the House passed HB 1318 with a vote of 37 - 27.[3] On May 8, the Senate passed the bill with a vote of 25 - 10.[3]

Similar measures

See also

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References