California Revenue and Taxation Code

§ 34012.2

RTC § 34012.2 Effective Jul 12, 2021Div. 2 · Part 14.5 · Ch. 2

Statute text

(a)On and after January 1, 2022, there is exempt from the cultivation tax imposed pursuant to Section 34012 the cultivation of all harvested cannabis that will be, or has been, designated a trade sample pursuant to Section 26153.1 of the Business and Professions Code and all harvested cannabis that is used to manufacture a cannabis product that is designated a trade sample pursuant to Section 26153.1 of the Business and Professions Code.

(b)The department shall adopt regulations prescribing the procedures for how the exemption provided in subdivision (a) shall be implemented.

(c)A person licensed under Division 10 (commencing with Section 26000) of the Business and Professions Code that sells cannabis exempt from the cultivation tax pursuant to subdivision (a) or sells any cannabis product that is manufactured with cannabis exempt from the cultivation tax pursuant to subdivision (a) shall be liable for the cultivation tax imposed by Section 34012 as if the person were a cultivator of the cannabis at the time of sale.

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Legislative history

Added by Stats. 2021, Ch. 70, Sec. 114. (AB 141) Effective July 12, 2021.