H.R.1014 - Marijuana Tax Revenue Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Blumenauer, Earl [D-OR-3] (Introduced 02/20/2015)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 02/20/2015 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.1014 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (02/20/2015)
Marijuana Tax Revenue Act of 2015
This bill amends the Internal Revenue Code to impose an excise tax on: (1) the sale of marijuana by producers or importers, 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.
Any person who engages in a marijuana enterprise must obtain a permit to engage in such an enterprise.
The bill imposes civil penalties for failure to comply with the requirements of this Act and criminal penalties for engaging in a marijuana enterprise without a permit, failing to keep or make required records or for making false records, or refusing to pay or evading a tax imposed by this Act and for other offenses related to the sale of marijuana.