AN ORDINANCE OF THE CITY OF WEST HOLLYWOOD AMENDING CHAPTER 3.36 (BUSINESS LICENSE TAX) OF THE WEST HOLLYWOOD MUNICIPAL CODE TO EXTEND FOR ONE YEAR A TEMPORARY TAX REBATE FOR ALL ELIGIBLE CANNABIS BUSINESSES THROUGH JUNE 30, 2027 [O. JONES, A. RUIZ, L. BIERY, P. KESPRADIT, L. D’AMBROSIA]
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AI Summary
Using city funds, this ordinance extends a temporary tax rebate for eligible cannabis businesses in West Hollywood through June 30, 2027, resulting in approximately $390,000 in lost revenue to the city. This extension aims to provide financial relief to cannabis businesses by reducing their tax burden, potentially supporting their growth and stability in the local economy.
How does this affect you?
For residents, this ordinance means that cannabis businesses in West Hollywood will continue to benefit from a reduced tax rate, which could help these businesses remain viable and potentially pass on savings to consumers. However, the city will experience a decrease in revenue, which might affect funding for other city services or projects.
Fiscal impact
Approximately $390,000 in lost revenue
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Discover More
Browse related civic coverage in the public digest archives.
