Shall the City of Waterford amend Municipal Code Title 5, entitled "Business Taxes, Licenses and Regulations," by adding Chapter 5.50, entitled "Cannabis Business Tax", allowing the City Council, by resolution, to set the business license tax rule for every person engaged in a cannabis business in an amount up to, but not to exceed, .15¢ for each $1.00 of gross receipts?
2, Stanislaus County • 2020 • Measure
Passed
Result: 58.6% yes, 41.4% no (3,148 votes cast)
AI-generated plain-language summary
The measure amends Waterford's Municipal Code to allow the City Council to impose a business license tax on cannabis businesses of up to 15 cents per dollar of gross receipts. It creates a new chapter in the city's business tax regulations specifically governing taxation of cannabis operations.