Gangs, Ganjapreneurs, or Government: Marijuana Revenue Up for Grabs
Center for New Revenue
State Tax Notes, Vol. 66, No. 4, October 22, 2012
The tax rules governing newly legalized marijuana in Washington and Colorado are described and evaluated here, with particular attention to revenue estimates and likely federal reaction.
Washington imposes three tiers of cascading 25-percent taxes.
Colorado caps excise taxes at 15 percent until 2017. Any percentage-based excise tax as well as any additional taxes will require voter approval, which cannot come before next November.
The relatively weak revenue rules of failed 2012 legalization proposals in Oregon and California are also discussed.
Number of Pages in PDF File: 15Accepted Paper Series
Date posted: October 23, 2012 ; Last revised: November 13, 2012
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo7 in 0.360 seconds