CS/HB 7029: Taxation of Hemp Consumable THC Products
GENERAL BILL by Budget Committee ; Housing, Agriculture & Tourism Subcommittee ; Salzman
Taxation of Hemp Consumable THC Products; Provides excise taxes for hemp consumable THC products; requires dealers of hemp consumable THC products to register with DACS; provides for allocation & disposition of excise tax proceeds; provides for excise tax returns & remittance of such taxes; provides powers of DACS; declares excise taxes on hemp consumable THC products are government funds; provides for certain penalties & warrants; provides for record keeping, inspections, & audits, delinquencies & fraudulent activities; provides circuit court jurisdiction for violations; authorizes DACS to adopt emergency rules.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 4/2/2025 | House |
• Filed |
| 4/3/2025 | House |
• 1st Reading (Original Filed Version) |
| 4/7/2025 | House |
• Referred to Budget Committee • Referred to Commerce Committee • Now in Budget Committee |
| 4/14/2025 | House |
• PCS added to Budget Committee agenda |
| 4/16/2025 | House |
• Favorable with CS by Budget Committee • Reported out of Budget Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 4/18/2025 | House |
• Referred to Commerce Committee • Now in Commerce Committee |
