Fiscal Note

HS 1 for HB 401 -HA 1 — Fiscal Note/Fee Impact

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Mentions of “REVENUE” — 8 found

… te. Retailers must collect the tax from the consumer at the time of sale and remit the tax monthly to the Division of Revenue. Affected Entities: Department of Safety and Homeland Security, Division of Alcohol and Tobacco Enforcement (DATE) an …

… hol and Tobacco Enforcement (DATE) and Office of the Marijuana Commissioner (OMC); Department of Finance, Division of Revenue Fiscal Impact: Revenue generated under this Act would not begin until the OMC issues retail HDCP licenses and the sal …

… nt (DATE) and Office of the Marijuana Commissioner (OMC); Department of Finance, Division of Revenue Fiscal Impact: Revenue generated under this Act would not begin until the OMC issues retail HDCP licenses and the sale of HDCPs becomes subj …

… n until the OMC issues retail HDCP licenses and the sale of HDCPs becomes subject to the 6% excise tax. The amount of revenue generated will depend upon several factors, including the number licenses issued, the timing of implementation, and t …

… mplementation, and the volume of taxable retail sales. Because these factors are unknown at this time, the additional revenue generated by this Act is indeterminable. Fiscal Year 2027: Indeterminable Fiscal Year 2028: Indeterminable Fiscal …

… Fiscal Year 2027: Indeterminable Fiscal Year 2028: Indeterminable Fiscal Year 2029: Indeterminable Intended Use of Revenue: This Act does not specifically designate the use or deposit of revenues generated through the retail HDCP license a …

… cal Year 2029: Indeterminable Intended Use of Revenue: This Act does not specifically designate the use or deposit of revenues generated through the retail HDCP license application fee or the 6% excise tax. It is assumed that revenues generate …

… eposit of revenues generated through the retail HDCP license application fee or the 6% excise tax. It is assumed that revenues generated under this Act would be deposited into the General Fund. Prepared by Kiley Thomson Office of the Control …

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Referenced entities

Statutes cited

29 Del. C. §913