Colorado to offer one-day tax holiday on marijuana

[fizzgig]

Colorado will repeal sales taxes on marijuana Sept. 16, thanks to a quirk in its constitution.

The one-time-only holiday from the 10 percent state sales tax on recreational pot is likely to generate buzz in the first state in the nation to legalize marijuana.

The little-noticed provision is part of a larger bill that Gov. John Hickenlooper signed into law Thursday that includes a ballot initiative in November and a permanent tax cut on recreational pot sales in 2017.

snip

The impetus is the Taxpayer's Bill of Rights, a measure championed by conservatives. The constitutional provision requires voters to approve new taxes based on estimates of collections and state spending. If the actual amount exceeds the estimates, refunds are necessary.

http://www.denverpost.com/news/ci_28252221/colorado-offer-one-day-tax-holiday-marijuana

this also includes some information on a ballot measure we'll be voting on this year to allow the state to keep all marijuana tax money collected last year rather than issuing refunds.

[underpants]

1. It's going to be a green Christmas in Colorado

[tridim]

2. Best state in the country!