More

Measure P: Stanislaus County Cannabis Tax Structure

Sheriff Jeff Dirkse endorsement on Measure P in Stanislaus County Cannabis Tax Program

Overview

Measure P introduces a new tax structure for cannabis businesses operating within Stanislaus County. This measure aims to regulate taxation in a fair and structured manner, impacting various sectors of the cannabis industry, including cultivation, distribution, manufacturing, testing, and retail.

Tax Rates - Applies only to Legal Cannabis Businesses, Not Taxpayers.

 Initial Tax Rates

  • Cultivation: 2.5% of gross receipts or $1.00 per square foot.
  • Retail Sales: 1% minimum tax.
  • Distribution, Manufacturing, Testing: 1% minimum tax.


Tax Rate Adjustments

  • Adjustment Mechanism: Tax rates may be adjusted by a Resolution or Ordinance through a vote of the Board of Supervisors (BOS).
  • Increase Cap: Rates cannot increase more than 0.5% per year or $1.00 per square foot for cultivation.
  • Minimum Tax Rate: A floor is set at 1% for all sectors or $1.00 per square foot for cultivation.

 

Maximum Tax Rates

  • Retail Sales: Up to 8% of gross receipts.
  • Cultivation, Distribution, Manufacturing: Up to 4% of gross receipts or $8.00 per square foot for cultivation.

 

Tax Payment Details

 Payment Schedule

  • Frequency: Taxes are to be paid quarterly, in arrears.
  • Due Date: Payments must be made on or before the last day of the month following the close of each quarter.
  • Tax Statements: A tax statement must accompany each payment.
  • Business Cessation: All outstanding taxes are due immediately upon cessation of business operations.


Means of Payment

  • Payments should be made in accordance with the guidelines provided by the Treasurer/Tax Collector's office.

Authority to Audit

The Treasurer-Tax Collector holds the authority to inspect and audit the financial records of cannabis businesses.


Scope of Audit

  • Records Subject to Inspection:
    • METRC (Marijuana Enforcement Tracking Reporting Compliance) data
    • Point of Sale (POS) systems
    • State and Federal Tax Returns
    • Excise Tax Returns
    • Any records pertaining to gross receipts


Record Retention

  • Duration: Businesses must retain all relevant records for a minimum of three (3) years.

Relief Due to Disaster or Crop Failure

Cannabis businesses experiencing disasters or crop failures may apply for tax relief.


Application Process

  • Timeframe: Relief requests must be submitted within five (5) days of the occurrence.
  • Required Information:
    • Detailed explanation of the circumstances.
    • Substantial evidence to support the claim.


Relief Details

  • Discretion: Relief is granted at the discretion of the Treasurer-Tax Collector.
  • Maximum Relief Amount: Up to $25,000.00

Subscribe

Pledge your support to Yes on Measure P

Yes on Measure P

Copyright © 2024 Yes on Measure P - All Rights Reserved.

Powered by

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

DeclineAccept