Santa Barbara County Board of Supervisors Votes Against Changing Cannabis Cultivation Tax

Santa Barbara County Board of Supervisors Votes Against Changing Cannabis Cultivation Tax
Cannabtimes

<![CDATA[California Gov. Gavin Newsom’s revised state budget proposal includes eliminating California’s cannabis cultivation tax, but in Santa Barbara County, local officials have decided to keep the tax intact within their jurisdiction for now.The Santa Barbara Board of Supervisors voted May 17 against altering the current taxation system, which is based on the self-reported dollar value of the crops, according to the Santa Ynez Valley News.The board did, however, direct its staff to draft ordinance amendments that would implement a “use it or lose it” policy for cannabis operators who have secured cultivation space within Santa Barbara County’s acreage cap but are not currently growing plants, the news outlet reported.County leaders also want to clarify in the ordinance that transfers of cannabis products between a one business’s operations to a separate business’s facilities—such as seedlings from one operator going to the cultivation facility of another—are considered taxable sales, according to the Santa Ynez Valley News.RELATED: Santa Barbara County Board of Supervisors Considers Higher Level Permit for Cannabis CultivationThe Board of Supervisors gave its staff six months to work on both issues and report back, the news outlet reported.Prior to Tuesday’s vote, staff members had offered the board three options for tax reform, which included converting the tax system from a percentage of receipts to a tax based on the square footage of a cultivation operation, a hybrid system that would combine the percentage of receipts with a minimum tax, and maintaining the current system but amending the cannabis ordinances with recommendations from the board, according to the San Ynez Valley News.The board shied away from a major overhaul of the tax system, in part, because it would have required a public vote, the news outlet reported, and the deadline for placing a measure on the November ballot is only six weeks…

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Source : Santa Barbara County Board of Supervisors Votes Against Changing Cannabis Cultivation Tax

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