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Council discusses uniform 2.5% cannabis rate, ongoing collection shortfalls and audit finding
Summary
Council and staff discussed changing to a uniform 2.5% cannabis rate and folding annual permit fees into the rate, and reviewed early-month cannabis receipts and an outstanding audit finding for a local business.
City Council members and staff discussed adopting a uniform 2.5% cannabis tax rate that would eliminate a separate annual permit fee and incorporate that charge into the overall rate, and reviewed preliminary revenue receipts and compliance issues.
Supporters said the change would simplify collections and reduce staff time spent tracking annual permits. “We got responses from 3 of the 5 businesses saying that they would like to move to a uniform rate of 2 and a half percent and remove any annual permit,” a staff member said. Another speaker said the change would offset recent state tax increases for local retailers and make collections more straightforward.
Why it matters: folding the separate permit into a single rate would change how businesses…
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