To: Board of Supervisors
From: Supervisor McCowen
Meeting Date: February 4, 2020
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Department Contact: |
John McCowen |
Phone: |
463-4441 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Approval of Letter of Support for AB 1948 (Bonta) Suspending the State Cannabis Cultivation Tax and Reducing the State Excise Tax from 15% to 11% for a Period of Three Years
(Sponsor: Supervisor McCowen)
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End
Recommended Action/Motion:
recommendation
Approve of letter of support for AB 1948 (Bonta) suspending the State Cannabis Cultivation Tax and reducing the State Excise Tax from 15% to 11% for a period of three years; and authorize Chair to sign same.
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Previous Board/Board Committee Actions:
The Board periodically takes action on pending State Legislation.
Summary of Request:
Supervisor McCowen requests Board approval for the attached letter of support for AB 1948 (Bonta), which would suspend the cannabis cultivation tax and reduce the cannabis excise tax rate from 15% to 11% on and after the operative date of the bill until July 1, 2023
Alternative Action/Motion:
Do not support
Supervisorial District: All
vote requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
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source of funding: N/A |
budgeted in current f/y: N/A |
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current f/y cost: N/A |
if no, please describe: |
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annual recurring cost: N/A |
revenue agreement: N/A |
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budget clarification: N/A |
Agreement/Resolution/Ordinance Approved by County Counsel: N/A
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CEO Liaison: Janelle Rau, Deputy CEO |
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CEO Review: Yes |
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CEO Comments:
FOR COB USE ONLY
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Executed By: Lindsey Dunham, Deputy Clerk I |
Final Status:Approved |
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Date: February 5, 2020 |
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