02-22-18 Colorado Senate bill on taxation of retail marijuana sales signed into law by Lt Gov Lynne….

Colorado Senate bill on taxation of retail marijuana sales signed into law

DENVER — Thursday, Feb. 22, 2018 Lt. Gov. Donna Lynne* signed SB 18-088 into law today. The measure clarifies that: retail marijuana sales remain subject to the sales taxes of the Regional Transportation District, Scientific and Cultural Facilities District, and Health Services Districts and any other sales taxes that limited purpose governmental entities levied on retail marijuana sales before July 1, 2017; and special district or other limited purpose governmental entity that was not levying sales tax on retail marijuana before July 1, 2017, may not levy sales tax on retail marijuana sales.

Number

Title

Sponsors

Summary

SB 18-088

Taxation of Retail Marijuana Sales

Sen. Bob Gardner / Rep. KC Becker

Concerning clarification that retail marijuana sales are subject to sales taxes levied by certain limited purpose governmental entities.

*Today’s bill was signed into law by Lt. Gov. Lynne as Gov. Hickenlooper is out of the state attending the National Governors Association meeting.

For a list of the governor’s legislative actions, please visit here.