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Committee approves substitute to HB 254 to limit hemp-derived beverages to package stores; excise tax deferred to summer study
Summary
The House Regulated Industries Committee approved a substitute to House Bill 254 that would let the Department of Revenue write rules allowing package stores licensed by the Department of Agriculture to sell certain hemp-derived beverage products, while questions about excise taxes and testing will be studied over the summer.
The House Regulated Industries Committee on Tuesday approved a substitute to House Bill 254 that gives the Georgia Department of Revenue authority to write rules allowing package stores licensed by the Department of Agriculture to sell certain hemp-derived beverage products, and sent questions about excise taxes and testing to a summer study.
The committee chair, identifying the bill as a follow-up to earlier hearings, said the substitute (LC 28 069S) "gives the Department of Revenue the authority to promulgate the rules and regulations to allow package stores if they are licensed by the Department of Agriculture…
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