Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 34012.3 — Cannabis Taxes
Cal. Rev. & Tax. Code § 34012.3
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2022-06-30
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The cannabis excise tax required to be collected by a cannabis retailer, and any amount not returned to the purchaser that is not tax but was collected from the purchaser under the representation by the cannabis retailer that it was tax, constitutes debt owed by the cannabis retailer to this…
Citator
Cal. Rev. & Tax. Code § 34012.3 — Cannabis Taxes is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The cannabis excise tax required to be collected by a cannabis retailer, and any amount not returned to the purchaser that is not tax but was collected from the purchaser under the representation by the cannabis retailer that it was tax, constitutes debt owed by the cannabis retailer to this state.
(b) This section shall become operative on January 1, 2023.