Jacob Redmond
Well-Known Member
The Fairbanks City Council has approved a proposed tax on marijuana retail sales that will now be up for debate among voters.
The Fairbanks Daily News-Miner reports (Council approves 5 percent marijuana tax; voters will decide in October - Fairbanks Daily News-Miner: Marijuana ) that the council on Monday unanimously approved a 5 percent tax on marijuana sales. Fairbanks voters will decide in October whether to accept or reject the tax during Fairbanks' general election.
The levy would apply to transfers of marijuana from any retail establishment to any person or entity, making the buyer responsible for the tax.
Under the proposed tax, sellers will be reimbursed 2 percent for collecting the levy if they report and pay taxes on time.
According to Fairbanks Charter, any new sales tax - other than hotel, motel, alcohol or tobacco - must be approved by voters.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Fairbanks voters to decide on marijuana tax - Washington Times
Author: The Associated Press
Contact: Contact Us - Washington Times
Photo Credit: Joe Moravski
Website: Washington Times - Politics, Breaking News, US and World News
The Fairbanks Daily News-Miner reports (Council approves 5 percent marijuana tax; voters will decide in October - Fairbanks Daily News-Miner: Marijuana ) that the council on Monday unanimously approved a 5 percent tax on marijuana sales. Fairbanks voters will decide in October whether to accept or reject the tax during Fairbanks' general election.
The levy would apply to transfers of marijuana from any retail establishment to any person or entity, making the buyer responsible for the tax.
Under the proposed tax, sellers will be reimbursed 2 percent for collecting the levy if they report and pay taxes on time.
According to Fairbanks Charter, any new sales tax - other than hotel, motel, alcohol or tobacco - must be approved by voters.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Fairbanks voters to decide on marijuana tax - Washington Times
Author: The Associated Press
Contact: Contact Us - Washington Times
Photo Credit: Joe Moravski
Website: Washington Times - Politics, Breaking News, US and World News
