City Council

(19) 24-1447 GOVERNMENT OPERATIONS and BUDGET AND FINANCE COMMITTEES REPORT relative to aligning the City’s definition of gross receipts tax with the provisions of Senate Bill 1059 in connection with the collection of business taxes for cannabis and cannabis-related products. Recommendation for Council action: REQUEST the City Attorney to prepare and present an Ordinance to amend Los Angeles Municipal Code Section 21.51a(4) to specifically exclude the State excise tax from the definition of gross receipts. Fiscal Impact Statement: None submitted by the Office of Finance. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.