CaseyJones
02-10-2014, 10:49 AM
http://denver.cbslocal.com/2014/02/09/marijuana-farmers-unlikely-to-see-farm-tax-perks/
Marijuana farmers and agricultural tax breaks are the next wrinkle facing the states that have legal weed as lawmakers debate how to tax the product while it’s growing.
Legislatures in both Colorado and Washington are taking a look at pot farmers this session.
The states have already decided how to tax finished marijuana. But they are still mulling taxes as pot is produced, such as how the land on which marijuana is grown should be assessed for property taxes.
Some lawmakers in both states say marijuana growers shouldn’t be eligible for any taxation perks afforded to farmers that grow conventional crops. Others say that marijuana while it’s growing should be treated like the hops and barley that go on to become highly taxed alcohol.
Colorado lawmakers delayed a vote last week on whether marijuana greenhouses should be considered agricultural or commercial property. The bill, meant to codify the already-common practice of assessing conventional nurseries and greenhouses, ran into confusion when its sponsor added a last-minute amendment to ban pot growers from getting the advantage.
Marijuana farmers and agricultural tax breaks are the next wrinkle facing the states that have legal weed as lawmakers debate how to tax the product while it’s growing.
Legislatures in both Colorado and Washington are taking a look at pot farmers this session.
The states have already decided how to tax finished marijuana. But they are still mulling taxes as pot is produced, such as how the land on which marijuana is grown should be assessed for property taxes.
Some lawmakers in both states say marijuana growers shouldn’t be eligible for any taxation perks afforded to farmers that grow conventional crops. Others say that marijuana while it’s growing should be treated like the hops and barley that go on to become highly taxed alcohol.
Colorado lawmakers delayed a vote last week on whether marijuana greenhouses should be considered agricultural or commercial property. The bill, meant to codify the already-common practice of assessing conventional nurseries and greenhouses, ran into confusion when its sponsor added a last-minute amendment to ban pot growers from getting the advantage.