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
Motion · Official minutes
Approve consent calendar
4 aye · 0 nay
Related agenda records
Automatically matched by topic. Open an item to check its relevance and each motion’s outcome.
Cannabis business license tax ordinance
CONTINUED TO DECEMBER 5, 2023 - Cannabis Ordinance Amendments
Place measure on November 2010 ballot setting business license fee for marijuana businesses at 10 percent
Ordinance changing the due date of the Business Tax for businesses (excluding rental businesses) from July 1st to April 1st and adding a section allowing for a thirty-day grace period before late fees are assessed.
Ordinance changing the due date of the Business Tax for businesses (excluding rental businesses) from July 1st to April 1st and adding a section allowing for a thirty-day grace period before late fees are assessed