Mike Mcguire (d-healdsburg) To Sponsor The Amendment Were Unsuccessful.

California and county regulators are currently vetting how federal banking restrictions will impede their ability to enforce taxes on the marijuana industry. Enforcement Currently, cannabis businesses have to drop off their tax payments at a Board of Equalization office, but there have been gaps in compliance. According to Board of Equalization Legislative and Research Division Chief Michele Pielsticker, the state collected just over 60 percent of the sales tax revenue it could have from medical cannabis companies in the 2015-16 fiscal year, which she said is similar to Colorados compliance rate. Using national cannabis consumption, Pielsticker said that if every one of the nearly 1,200 medical cannabis businesses with sellers permits in the state complied with sales tax laws, the state would have collected about $112 million in 2015-16. The state estimates that it could receive around $1 billion in annual tax revenue because of the passage of Proposition 64. Humboldt Countys cultivation tax uses an invoice system, which Bartholomew has previously stated does not hold a lot of enforcement power should a cultivator decide to abandon their property after harvesting their crop. Bartholomew argues the best way to enforce the tax laws on cultivators is by putting the cannabis tax on the property tax roll, which would allow the county to auction off the property if colorado marijuana those taxes are not paid. Changing the property tax roll would require modifications to state laws, which the California Association of County Treasurers and Tax Collectors has made a priority on their legislative platform for 2017. However, Bartholomew said attempts to get North Coast Sen. Mike McGuire (D-Healdsburg) to sponsor the amendment were unsuccessful. I am sorry to report (and very disappointed) that Sen.

To read more visit http://www.willitsnews.com/general-news/20170221/state-county-regulators-alike-mull-cannabis-tax-complications

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