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HF100 NINTH ENGROSSMENT REVISOR BD 1-10100-9 <br />147.1 (c) Nothing in this subdivision relieves a cannabis business from timely filing and paying <br />147.2 taxes. <br />147.3 EFFECTIVE DATE. This section is effective the day following final enactment. <br />147.4 Sec. 6. Minnesota Statutes 2022, section 290.0132, subdivision 29, is amended to read: <br />147.5 Subd. 29. Disallowed section 280E expenses; medieO cannabis <br />147.6 licensees. The amount of expenses of a medical cannabis ffla ,uftt ttif f. business, as defined <br />147.7 under section �''.'''', subdivision s;on 7 342.01, subdivision 51, related to the business of medical <br />147.8 cannabis under sections 152.21 to ' 5 .2'7 342.47 to 342.60, or a license holder under chapter <br />147.9 342 related to the business of nonmedical cannabis under that chapter, and not allowed for <br />147.10 federal income tax purposes under section 280E of the Internal Revenue Code is a subtraction. <br />147.11 EFFECTIVE DATE. This section is effective for taxable years beginning after December <br />147.12 311 2022. <br />147.13 Sec. 7. Minnesota Statutes 2022, section 290.0134, subdivision 19, is amended to read: <br />147.14 Subd. 19. Disallowed section 280E expenses; medie cannabis mane fa tuir .r <br />147.15 licensees. The amount of expenses of a medical cannabis ffiatiuf„e+„ror business, as defined <br />147.16 under section �''.'''', s„bdiy sion 7 342.01, subdivision 51, related to the business of medical <br />147.17 cannabis under sections 152.21 to ' 52.2'7 342.47 to 342.60, or a license holder under chapter <br />147.18 342 related to the business of nonmedical cannabis under that chatter, and not allowed for <br />147.19 federal income tax purposes under section 280E of the Internal Revenue Code is a subtraction. <br />147.20 EFFECTIVE DATE. This section is effective for taxable years beginning after December <br />147.21 31, 2022. <br />147.22 Sec. 8. [295.811 CANNABIS GROSS RECEIPTS TAX. <br />147.23 Subdivision 1. Definitions. (a) For purposes of this section, the following terms have <br />147.24 the meanings given. <br />147.25 (b) "Cannabis flower" has the meaning given in section 342.01, subdivision 15. <br />147.26 (c) "Cannabis product" has the meaning given in section 342.01, subdivision 19. <br />147.27 (d) "Cannabis solution product" means any cartridge, bottle, or other package that contains <br />147.28 a taxable cannabis product in a solution that is consumed or meant to be consumed through <br />147.29 the use of a heating element, power source, electronic circuit, or other electronic, chemical, <br />147.30 or mechanical means that produces vapor or aerosol. A cannabis solution product includes <br />147.31 any electronic delivery system, electronic vaping device, electronic vape pen, electronic <br />Article 2 Sec. 8. 147 <br />