Ordinance 2019-1776 - Laserfiche WebLink

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VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X SECTION 20 OF THE COLORADO CONSTITUTION, AND SHALL ORDINANCE NO 1776, SERIES 2019, WHICH IMPOSES THE TAX, BE APPROVED? YES NO Section 4. If a majority of the registered electors voting at the Election vote "yes" in response to the ballot issue specified in Section 3 of this ordinance, the issue shall be deemed to have passed and the Louisville Municipal Code shall be amended as set forth in Section 5 of this ordinance. Section 5. Title 3 of the Louisville Municipal Code is hereby amended by a new Chapter 3.32 to read as follows TITLE 3 — REVENUE AND FINANCE Chapter 3.32 — Retail Marijuana Cultivation Facility Tax Sec. 3.32.010. Legislative intent. The City Council intends that an additional excise tax be imposed on the first sale or transfer of marijuana by a retail marijuana cultivation facility, as licensed by Section 5 11 030.A.4 of this Code. The purpose of this tax is to increase the revenue base for the City to pay or reimburse the City for direct and indirect costs incurred or expended by the City for training, enforcement, and administration of all applicable marijuana laws and regulations, to support local drug and alcohol programs and facilities, and for other general purposes of the City] Revenues from the tax shall be deposited in the general fund and shall be available to pay for the expenses as set forth in this Chapter Sec. 3.32.020. Definitions. As used in this Chapter, unless the context clearly demonstrates otherwise, words and phrases shall have the meanings as defined in Section 5 11 020 of this Code. In addition, the following words and phrases shall have the following meanings. A. Average market rate means the amount determined by the State of Colorado Department of Revenue pursuant to C.R.S § 39-28 8-101(1), or such alternate amount as may be determined by the Finance Director as the average price of unprocessed retail marijuana that is sold or transferred from a retail marijuana cultivation facility to a retail marijuana products; manufacturer, retail marijuana store or another retail marijuana cultivation facility Ordinance No 1776, Series 2019 Page 3 of 8