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Packet Work Session 2019 1112
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Packet Work Session 2019 1112
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8/26/2022 2:07:40 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
11/12/2019
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w <br />11/12/2019 <br />i <br />Other Taxes <br />I - <br />Po. Statewide Tax: 15% excise tax <br />► Sales Tax: 9.75% at point of sale <br />► State Cultivation Tax $9.25 per dry -weight ounce of flowers <br />$2.75 per dry -weight ounce of cannabis leaves <br />$1.29 per ounce of fresh cannabis plant <br />Federal Taxes: Vary, Rule 280E disallows retail business <br />expense deductions <br />Current San Leandro Tax Schedule <br />(applies to all permit types) <br />► 6% of gross receipts thru June 30, 2020 <br />► 7% of gross receipts effective from July 1, 2020 thru June 30, 2022 <br />► 8% of gross receipts effective July 1, 2022 <br />Tax receipts in CY 2019: <br />► Q1 2019: $11,118 <br />► Q2 2019: $42,182 <br />► Q3 2019: $82,623 <br />5 <br />
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