California Revenue and Taxation Code

§ 34012.3

RTC § 34012.3 Effective Jun 30, 2022Div. 2 · Part 14.5 · Ch. 2

Statute text

(a)The cannabis excise tax required to be collected by a cannabis retailer, and any amount not returned to the purchaser that is not tax but was collected from the purchaser under the representation by the cannabis retailer that it was tax, constitutes debt owed by the cannabis retailer to this state.

(b)This section shall become operative on January 1, 2023.

Legislative history

Added by Stats. 2022, Ch. 56, Sec. 24. (AB 195) Effective June 30, 2022. Operative January 1, 2023, by its own provisions.