H.R.501 - Marijuana Tax Equity Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Blumenauer, Earl [D-OR-3] (Introduced 02/05/2013)|
|Committees:||House - Ways and Means|
|Latest Action:||02/05/2013 Referred to the House Committee on Ways and Means.|
This bill has the status Introduced
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Summary: H.R.501 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (02/05/2013)
Marijuana Tax Equity Act of 2013 - Amends the Internal Revenue Code to impose an excise tax on: (1) the sale of marijuana by producers or importers of such drug equal to 50% of the sales price, and (2) each person who is engaged in a marijuana enterprise. Defines "marijuana enterprise" to mean a producer, importer, manufacturer, distributor, retailer or any person who transports, stores, displays, or otherwise participates in any business activity that handles marijuana or marijuana products.
Requires any person who engages in a marijuana enterprise to obtain a permit to engage in such business. Imposes civil and criminal penalties for violations of the requirements of this Act.