This is a very preventable mistake. I hope that our budget committee can find out what happened. .”
The Center Square by Joe Mueller
St. Louis is set to lose around $500,000 after failing to submit the documents to Missouri Department of Revenue for collection of a recreational marijuana tax approved by voters.
In April, the city voters approved a tax of 3 percent on recreational marijuana. The state law would have allowed for the city to collect the tax as early as October 1, if the paperwork was submitted by June 30.
Bill 140, passed unanimously last December by the St. Louis Board of Aldermen to ask voters permission to tax recreational cannabis by 3 percent. Missouri voters passed the initiative in November, setting a 6 percent state tax on marijuana for recreational use.
The bill stated that “the City wants to impose a sales tax in order to support residents’ efforts to reduce historic inequalities.” These efforts can include, but are not restricted to, funding access to education and workforce opportunities.
Cara Spencer told KSDK that “this is a completely preventable mistake.” I’m hoping we can find out what happened in our budget committee…what went wrong, and ensure that our city departments have clearly defined roles that can prevent this from ever happening again.
According to multiple media reports, the mistake will cause a tax revenue loss between $480,000 and $600,000, based on estimated sales projected by the city. Loss is calculated based on the estimated sales forecast by the city.
Nick Dunne is a spokesperson for Jones. He told the St. The St. Louis Post-Dispatch reported that on November 13, a city finance worker alerted the Mayor’s Office about the problem.
Dunne: “We are grateful they told us, because we didn’t know.”
According to a report by the Post-Dispatch, the city has submitted the necessary documents and obtained a waiver to start imposing the tax on January 1.
Dunne stated that they are looking into ways to better define the lines of responsibility.
This article was originally published by The Center Square.
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