This bill creates a new 15% excise tax on marijuana that manufacturers must pay when they sell marijuana to dispensaries, with the tax calculated based on the average market rate for the product. The bill defines key terms like "dispensary," "manufacturer," and "marijuana products" to establish the framework for taxing marijuana sales in South Dakota. This appears to be enabling legislation for taxing marijuana in the state, though the excerpt does not show the complete tax structure or rates that may apply to other stages of the marijuana supply chain.
This bill does not directly amend codified state law.
House of Representatives Tabled H.J. 599
Taxation Report out of committee without recommendation as amended Passed, YEAS 12, NAYS 1. H.J. 1
Taxation Motion to amend H.J. 1
Taxation Scheduled for hearing H.J. 1
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 467
Senate Do Pass Passed, YEAS 32, NAYS 3. S.J. 371
Senate Deferred to another day S.J. 304
Senate Deferred to another day S.J. 293
Taxation Do Pass Passed, YEAS 6, NAYS 0.
First read in Senate and referred to Senate Taxation S.J. 17
Hugh Bartels
Prime sponsor · Rep.
R
Jim Stalzer
Prime sponsor · Sen.
R
Cosponsors
Taxation — Report out of committee without recommendation as amended
Do Pass
Taxation — Do Pass