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Bill

Bill

LC 1904

Generally revise marijuana tax laws

2025 Regular Session

Broadly revises marijuana tax laws, overhauling how taxes are collected; would affect retailers, producers, consumers, and state revenue if enacted.

(LC) Draft Died in Process
#alcohol #taxation
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WeVote Research Nonpartisan
Bill Summary · LC 1904

Summary: LC 1904 — Generally revise marijuana tax laws

Overview

  • Bill number: LC 1904
  • Title: Generally revise marijuana tax laws
  • Status: Draft Died in Process
  • Introduced: November 22, 2024
  • Classification: bill
  • Subject: Alcohol and Drugs, Taxation (Generally)

Purpose and intent

The bill is labeled to generally revise marijuana tax laws. Based on the title, its aim would be to overhaul how marijuana is taxed, potentially including changes to definitions, tax base, rates, collection, administration, exemptions, or revenue allocation. However, the actual text of LC 1904 is not provided in the available information, so the specific objectives and proposed policy changes cannot be confirmed from this summary alone.

Key provisions and changes (current available information)

  • The exact provisions of LC 1904 are not included in the available data. Therefore, no concrete list of provisions, changes to tax rates, or administrative reforms can be stated here.
  • In typical enactments of this nature, one might expect elements such as:
    • Definitions related to marijuana products and licensing status
    • Changes to tax rates, tax base, or calculation methods
    • Administrative provisions (who collects, filing deadlines, reporting requirements)
    • Exemptions or credits, and any thresholds for small producers
    • Allocation of tax revenue (e.g., public health, education, enforcement)
    • Penalties for noncompliance and enforcement mechanisms
    • Effective dates and transitional rules
    • Interaction with local sales/use taxes and licensed retailers

Important: These items are general possibilities for a “generally revise tax laws” bill and are not asserted as actual provisions of LC 1904 without the full text.

Who would be affected

  • Marijuana businesses and retailers: changes to licensing, reporting, and taxation could alter compliance costs and pricing.
  • Consumers: tax changes may affect retail prices.
  • State and local government: tax revenue, enforcement, and administrative workload could shift.
  • Tax and revenue agencies: potential new rules, forms, and audits.
  • Lawful market participants: shifts in market dynamics if tax changes affect competitiveness or viability.

Procedural history and timeline

  • 2024-11-22: Drafter Assigned; Draft On Hold
  • 2024-11-22: Introduced (LC) Drafter Assigned; Draft On Hold (same date entry)
  • 2025-05-27: (LC) Draft Died in Process
  • Overall, the bill progressed as a draft but did not advance to enactment (status: Died in Process).

Potential impact (constrained by available information)

Because the precise text is not provided, the potential policy and fiscal impact cannot be quantified. Generally, revising marijuana tax laws can influence revenue stability, price structures, compliance costs, and the behavior of producers and retailers. If revived, the bill would need to specify the intended tax changes and their anticipated fiscal and programmatic effects.

Next steps for readers

  • Review the full legislative text of LC 1904 for detailed provisions if/when available.
  • Monitor subsequent legislative actions or amendments, especially if the bill is reintroduced in a future session.

Compiled from official sources — confirm details with the bill’s official record.

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