Florida Senate - 2021                                     SB 666
       
       
        
       By Senator Farmer
       
       
       
       
       
       34-00762A-21                                           2021666__
    1                        A bill to be entitled                      
    2         An act relating to taxes; creating s. 566.012, F.S.;
    3         imposing an excise tax on recreational marijuana;
    4         requiring the Department of Business and Professional
    5         Regulation to annually calculate and publish an
    6         adjusted excise tax rate; requiring certain entities
    7         to file a monthly return that includes tax payments
    8         and to keep specified records; authorizing the
    9         Division of Alcoholic Beverages, Marijuana, and
   10         Tobacco to revoke a marijuana cultivation facility’s
   11         license under certain circumstances; creating s.
   12         566.0125, F.S.; authorizing counties and
   13         municipalities to establish additional excise taxes on
   14         the sale and purchase of marijuana; limiting the
   15         excise tax rate; providing a contingent effective
   16         date.
   17          
   18  Be It Enacted by the Legislature of the State of Florida:
   19  
   20         Section 1. Section 566.012, Florida Statutes, is created to
   21  read:
   22         566.012Excise tax on marijuana.—
   23         (1)An excise tax is imposed on the sale or transfer of
   24  marijuana from a marijuana cultivation facility to a retail
   25  marijuana store or marijuana product manufacturing facility.
   26  Each marijuana cultivation facility shall pay an excise tax at
   27  the rate of $50 per ounce, or proportionate part thereof, on
   28  marijuana that is sold or transferred from a marijuana
   29  cultivation facility pursuant to part II.
   30         (2)The excise tax rate under subsection (1) shall be
   31  adjusted annually for inflation.
   32         (a)Beginning in 2022, on or about February 15 of each
   33  year, the department shall calculate the adjusted excise tax
   34  rate by multiplying the rate in effect on the calculation date
   35  by an inflation index computed as provided in paragraph (b). The
   36  adjusted rate must be rounded to the nearest penny and become
   37  effective on the first day of July immediately after the
   38  calculation. The division shall publish the annually adjusted
   39  excise tax rate and shall provide all necessary forms and
   40  reports.
   41         (b)The inflation index is the Consumer Price Index for All
   42  Urban Consumers, U.S. City Average, or successor reports, as
   43  reported by the United States Department of Labor, Bureau of
   44  Labor Statistics, for the calendar year ending December 31
   45  immediately before the calculation date, divided by the Consumer
   46  Price Index for the previous calendar year. The inflation index
   47  may not be less than 1.
   48         (3)(a)A marijuana cultivation facility subject to the
   49  licensing requirement of s. 566.036 shall file, on or before the
   50  last day of each month, a return on a form prescribed and
   51  furnished by the division, together with payment of the tax due
   52  under this section. The return must report all marijuana
   53  products held, purchased, manufactured, brought in, or caused to
   54  be brought in from outside the state or shipped or transported
   55  to a retail marijuana store or marijuana product manufacturing
   56  facility within the state during the previous calendar month. A
   57  marijuana cultivation facility shall keep a complete and
   58  accurate record at its principal place of business to
   59  substantiate all receipts and sales of marijuana products.
   60         (b)The return must include further information as the
   61  division may prescribe. Tax previously paid on marijuana
   62  products that are returned to a marijuana establishment because
   63  the product has become unfit for use, sale, or consumption and
   64  for marijuana products that are returned to a marijuana
   65  cultivation facility that are subsequently destroyed by the
   66  marijuana cultivation facility may be taken as a credit on a
   67  subsequent return. The division may either witness the
   68  destruction of the product or may accept another form of proof
   69  that the product has been destroyed by the marijuana cultivation
   70  facility.
   71         (c)A person who is not a marijuana cultivation facility
   72  licensed under s. 566.036 who imports, receives, or otherwise
   73  acquires marijuana products for use or consumption in the state
   74  from a person other than a licensed marijuana cultivation
   75  facility shall file, on or before the last day of the month
   76  after each month in which marijuana products were acquired, a
   77  return on a form prescribed by the division together with
   78  payment of the tax imposed by this section at the rate provided
   79  in subsection (1). The return must report the quantity of
   80  marijuana products imported, received, or otherwise acquired
   81  from a person other than a licensed marijuana cultivation
   82  facility during the previous calendar month and additional
   83  information that the division may require.
   84         (4)If a marijuana cultivation facility fails to make tax
   85  payments as required by this section, the division may revoke
   86  the marijuana cultivation facility’s license.
   87         Section 2. Section 566.0125, Florida Statutes, is created
   88  to read:
   89         566.0125 County or municipality excise taxes.—A county or
   90  municipality may establish additional excise taxes for the sale
   91  or purchase of marijuana, but the tax rate may not exceed 15
   92  percent.
   93         Section 3. This act shall take effect on the same date that
   94  SB ____ or similar legislation takes effect, if such legislation
   95  is adopted in the same legislative session or an extension
   96  thereof and becomes a law.