California Revenue and Taxation Code

§ 34011.1

RTC § 34011.1 Effective Jun 30, 2022Div. 2 · Part 14.5 · Ch. 2

Statute text

(a)(1) Until December 31, 2025, a licensed cannabis retailer that has received approval from the Department of Cannabis Control for a fee waiver under Section 26249 of the Business and Professions Code may retain vender compensation in an amount equal to 20 percent of the cannabis excise tax. For purposes of this paragraph, approval for a fee waiver under Section 26249 includes approval for a fee waiver that is contingent upon the availability of funds.

(2)To apply to retain vendor compensation pursuant to this section, a cannabis retailer shall complete a one-page application in a form and manner prescribed by the department that sets forth the name under which they transact or intend to transact business, the location of their place or places of business, and any other information the department may require. The cannabis retailer shall also include with the application their seller’s permit number and cannabis tax permit number and a copy of their cannabis license and Department of Cannabis Control approved fee waiver. An application for a permit shall be authenticated in a form or pursuant to methods as may be prescribed by the department.

(3)Upon verification that a licensed cannabis retailer meets the requirements of this subdivision, the department shall issue the cannabis retailer a notice approving vendor compensation under this section.

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Legislative history

Added by Stats. 2022, Ch. 56, Sec. 21. (AB 195) Effective June 30, 2022. Conditionally inoperative as prescribed by Stats. 2022, Ch. 56, Sec. 41. \n Repealed conditionally as prescribed by Stats. 2022, Ch. 56, Sec. 41.