Marijuana Revenue and Regulation Act
Latest action · Mar 30, 2017 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 30, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Marijuana Revenue and Regulation Act
This bill removes marijuana from the list of controlled substances and establishes requirements for the taxation and regulation of marijuana products.
The bill amends the Internal Revenue Code to impose: (1) an excise tax on any marijuana product produced in or imported into the United States, and (2) an occupational tax on marijuana production facilities and export warehouses.
The term "marijuana product" does not include: (1) any article containing marijuana which has been approved by the Food and Drug Administration for sale for therapeutic purposes and is marketed and sold solely for such purpose, or (2) industrial hemp
The excise tax includes exemptions for: (1) products that are used for research or by government entities for nonconsumption purposes; and (2) the transfer of products between production, import, and export facilities. A credit or refund of the tax must be issued for products that are withdrawn from the market, lost, or destroyed.
The Department of Justice must remove marijuana from all schedules of controlled substances under the Controlled Substances Act (CSA). The bill amends the CSA to require penalties for shipping or transporting marijuana into any state or jurisdiction where it is illegal.
The bill requires producers, importers, and exporters of marijuana products to:
- obtain a permit and a bond covering tax liability from the Department of the Treasury prior to beginning operations;
- meet recordkeeping requirements; and
- comply with certain policies and restrictions regarding packaging, labeling, and advertising.
The bill also:
- establishes penalties for violations of marijuana laws;
- prohibits the sale of more than one ounce of marijuana in any single retail transaction; and
- provides specified authorities to the Food and Drug Administration and the Bureau of Alcohol, Tobacco, Firearms, and Explosives with respect to marijuana.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 30, 2017 |
Actions 2
Everything that happened, newest first.
- Mar 30, 2017Introduced in Senate
- Mar 30, 2017Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RL32725 | Hemp as an Agricultural Commodity Archived | Report | Jul 9, 2018 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 420 | Marijuana Revenue and Regulation Act | Reintroduced Bill | Feb 7, 2019 |
| HR 1823 | Marijuana Revenue and Regulation Act | Related bill | Mar 30, 2017 |
| HR 1841 | Regulate Marijuana Like Alcohol Act | Related bill | Apr 24, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to provide for the taxation and regulation of marijuana products, and for other purposes.
- Short Titles as Introduced
- Marijuana Revenue and Regulation Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative law and regulatory procedures
- Administrative remedies
- Civil actions and liability
- Congressional oversight
- Consumer affairs
- Department of Justice
- Department of the Treasury
- Drug Enforcement Administration (DEA)
- Drug trafficking and controlled substances
- Drug, alcohol, tobacco use
- Executive agency funding and structure
- Fraud offenses and financial crimes
- Government studies and investigations
- Judicial review and appeals
- Licensing and registrations
- Marketing and advertising
- Retail and wholesale trades
- Sales and excise taxes
- Tax administration and collection, taxpayers
- Taxation
- Trade restrictions
Text 1
Each version as it was printed, newest first.
- Mar 30, 2017Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
