California Revenue and Taxation Code

§ 34011

RTC § 34011 Effective Jun 30, 2022Div. 2 · Part 14.5 · Ch. 2

Statute text

(a)(1) Effective on and after January 1, 2018, and before January 1, 2023, a cannabis excise tax shall be imposed upon purchasers of cannabis or cannabis products sold in this state at the rate of 15 percent of the average market price of any retail sale by a cannabis retailer. A purchaser’s liability for the cannabis excise tax is not extinguished until the cannabis excise tax has been paid to this state except that an invoice, receipt, or other document from a cannabis retailer given to the purchaser pursuant to this subdivision is sufficient to relieve the purchaser from further liability for the tax to which the invoice, receipt, or other document refers.

(2)Each cannabis retailer shall provide a purchaser with an invoice, receipt, or other document that includes a statement that reads: “The cannabis excise taxes are included in the total amount of this invoice.”

(3)The department may prescribe other means to display the cannabis excise tax on an invoice, receipt, or other document from a cannabis retailer given to the purchaser.

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Legislative history

Amended by Stats. 2022, Ch. 56, Sec. 19. (AB 195) Effective June 30, 2022. Inoperative April 1, 2023, by its own provisions. Conditionally inoperative as prescribed by Stats. 2022, Ch. 56, Sec. 41. \n\n Repealed conditionally as prescribed by Stats. 2022, Ch. 56, Sec. 41. See later operative version as amended by Stats. 2021, Ch. 70. Note: This section was added on Nov. 8, 2016, by initiative Prop. 64.