California Revenue and Taxation Code

§ 34010

RTC § 34010 Effective Jan 1, 2026Div. 2 · Part 14.5 · Ch. 1

Statute text

(a)This part shall be known, and may be cited, as the “Cannabis Tax Law.”

(b)For purposes of this part:

(1)“2020–21 fiscal year baseline” means the total amount of funds disbursed in the sub-trust accounts in fiscal year 2021–22 for the third allocation of the fiscal year 2020–21 revenue, pursuant to subdivision (f) of Section 34019, as determined by the Department of Finance.

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Legislative history

Amended by Stats. 2025, Ch. 248, Sec. 48. (AB 8) Effective January 1, 2026. Note: This section was added on Nov. 8, 2016, by initiative Prop. 64.