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 sold by weight other than marijuana, 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.

Section History: Recent form

  90 Acts, ch 1251, §43

  C91, § 421A.7

  C93, § 453B.7

  95 Acts, ch 83, §32

Internal References

  Referred to in § 453B.4, 453B.8, 453B.12


Previous Section 453B.6

Next Section 453B.8


Return To Home index


© 2001 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/453B/7.html
jhf