3.0.0 1823 2023-01-11T13:35:28Z 2023-01-11T13:35:28Z House HR 2017-03-30 115 [Congressional Record Volume 163, Number 56 (Thursday, March 30, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BLUMENAUER:H.R. 1823.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2600]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-03-30T13:05:50Z Marijuana Revenue and Regulation Act 115 776 S 2017-03-30 Read twice and referred to the Committee on Finance. Related bill CRS 2017-03-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-03-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-03-30 Introduced in House IntroReferral 1000 9 Library of Congress B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 N N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-04-06 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2017-04-26 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2017-04-26 False C001110 Rep. Correa, J. Luis [D-CA-46] J. Correa D CA Luis 46 2017-05-18 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2017-05-18 False M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 2017-06-21 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2017-06-28 False J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2017-06-28 False G000574 Rep. Gallego, Ruben [D-AZ-7] Ruben Gallego D AZ 7 2018-01-08 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2018-06-05 False B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2018-09-04 False Taxation Civil actions and liability Drug trafficking and controlled substances Drug, alcohol, tobacco use Licensing and registrations Retail and wholesale trades Sales and excise taxes Tax administration and collection, taxpayers Taxation 00 2017-03-30 Introduced in House 2017-06-26T18:15:59Z Marijuana Revenue and Regulation Act

This bill amends the Internal Revenue Code to impose: (1) an excise tax on any marijuana product produced in or imported into the United States, and (2) an occupational tax on marijuana production facilities and export warehouses.

The term "marijuana product" does not include: (1) any article containing marijuana which has been approved by the Food and Drug Administration for sale for therapeutic purposes and is marketed and sold solely for such purpose, or (2) industrial hemp.

The excise tax includes exemptions for: (1) marijuana products that are used for research or by government entities for nonconsumption purposes; and (2) the transfer of products between production, import, and export facilities. A credit or refund of the tax must be issued for products that are withdrawn from the market, lost, or destroyed.

The bill requires producers, importers, and exporters of marijuana products to:

  • obtain a permit and a bond covering tax liability from the Department of the Treasury prior to beginning operations,
  • meet recordkeeping requirements, and
  • comply with certain policies and restrictions regarding packaging and labeling.

The bill also: (1) establishes penalties for violations of marijuana laws, and (2) prohibits the sale of more than one ounce of marijuana in any single retail transaction.

]]> Marijuana Revenue and Regulation Act Display Title Marijuana Revenue and Regulation Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for the taxation and regulation of marijuana products, and for other purposes. Introduced in House IH Short Titles as Introduced Marijuana Revenue and Regulation Act Introduced in House 2017-03-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1823ih/xml/BILLS-115hr1823ih.xml 2017-03-30 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.