There is a newer version of this Section
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2017 Iowa Code
Title X - FINANCIAL RESOURCES
Chapter 453B - EXCISE TAX ON UNLAWFUL DEALING IN CERTAIN SUBSTANCES
Section 453B.7 - Tax imposed — rate of tax.

Universal Citation: IA Code § 453B.7 (2017)
Previous Next

Download as PDF
1 EXCISE TAX ON UNLAWFUL DEALING IN CERTAIN SUBSTANCES, §453B.7 453B.7 Tax imposed — rate of tax. An excise tax is imposed on dealers at the following rates: 1. On each gram of processed marijuana, or each portion of a gram, five dollars. 2. On each gram or portion of a gram of any taxable substance, other than marijuana, sold by weight, two hundred fifty dollars. 3. On each unprocessed marijuana plant, seven hundred fifty dollars. 4. On each ten dosage units of any taxable substance, other than unprocessed marijuana plants, that is not sold by weight, or portion thereof, four hundred dollars. 90 Acts, ch 1251, §43 C91, §421A.7 C93, §453B.7 95 Acts, ch 83, §32; 2013 Acts, ch 90, §108 Referred to in §453B.4, §453B.8, §453B.12 Wed Feb 08 03:49:04 2017 Iowa Code 2017, Section 453B.7 (9, 0)
Previous Next
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.