View Amendment Current Amendment: 12 to Bill 150

Senator SENN proposed the following amendment (150R033.SP.SS):

Amend the bill, as and if amended, on page 9, lines 29 through 37, by striking Section 44-53-2040 and inserting:

/ Section 44-53-2040.(A) All sales of medical cannabis products are subject to a six percent sales tax at the point of sale.

(B) On the twentieth day of each month, each dispensary shall pay the taxes due on all cannabis products sold in the prior calendar month.

(C) All revenue collected pursuant to subsection (A) must be placed in the South Carolina Medical Cannabis Program Fund.

(D) This section shall not be construed as a limitation on a local government to impose a local option sales tax pursuant to Chapter 10 of Title 4. /

Amend the bill further, as and if amended, on page 49, lines 5and 6, by striking Section 44-53-2430(D).