Require cannabis businesses to pay license taxes quarterly instead of annually
In Plain English
Cannabis businesses currently pay their license taxes once per year to the city. The new law requires them to pay every 3 months instead. If approved, the city receives tax revenue more frequently throughout the year rather than in a single annual payment.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
4 to 0
Community Discussion
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Require cannabis businesses to pay license taxes quarterly instead of annually
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Change business tax due date from July 1 to April 1 and add 30-day grace period
Move business tax due date from July 1 to April 1 and add 30-day grace period
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