Washington State Gov. Signs Bill Eliminating Medical Marijuana Tax, Iowa To Add 25% Excise Tax On Hemp & More
Iowa: Senate Committee Approves Bill Adding 25% Excise Tex On Consumable Hemp Products
State Senate Ways and Means Committee passed a bill Wednesday that would place a sin tax on consumable hemp products. Under Senate Study Bill 3186 consumable hemp products would have a 25% excise tax on the sale price, and the revenue from these taxes would support the state’s general fund, reported Iowa Capital Dispatch.
Sen. Dan Dawson (R) said the idea behind the bill is to tackle the tax disparity between retailers of hemp products versus alcohol. The initial version of the bill was amended to make intoxicating hemp products the main focus of the measure.
The bill passed 11-6, with Democrats opposing the bill.
See Also: Iowa House Passes Bill Capping THC In Hemp Products, Dem Lawmaker Calls It A Mistake
Washington: Governor Signs Bill Removing Excise Taxes On Medical Marijuana Products
Washington Gov. Jay Inslee (D) has signed legislation into law that would eliminate excise taxes on …