The Nevada Senate Revenue and Economic Development Committee prefiled Senate Bill 41 today, a proposal designed to amend the state’s cannabis tax regulations.
The bill, which will be considered during the January 2025 legislative session, focuses on the establishment of new requirements for cannabis businesses regarding tax permits.
Currently, Nevada law imposes excise taxes on the wholesale and retail sale of cannabis and requires businesses selling tangible personal property, including cannabis establishments, to obtain permits from the Department of Taxation. Senate Bill 41 would expand on these requirements by mandating a new cannabis tax permit system specifically for cannabis businesses.
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