To amend the Internal Revenue Code of 1986 to provide for the taxation of marijuana, and for other purposes.
Marijuana Tax Revenue Act of 2015
This bill amends the Internal Revenue Code to impose an excise tax on: (1) the sale of marijuana by producers or importers, and (2) each person who is engaged in a marijuana enterprise. Defines "marijuana enterprise" to mean a producer, importer, manufacturer, distributor, retailer or any person who transports, stores, displays, or otherwise participates in any business activity that handles marijuana or marijuana products.
Any person who engages in a marijuana enterprise must obtain a permit to engage in such an enterprise.
The bill imposes civil penalties for failure to comply with the requirements of this Act and criminal penalties for engaging in a marijuana enterprise without a permit, failing to keep or make required records or for making false records, or refusing to pay or evading a tax imposed by this Act and for other offenses related to the sale of marijuana.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E227)
Referred to the House Committee on Ways and Means.
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