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State panel: Medical pot can be taxed

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If Florida ever approves medical marijuana for sale in the state, expect to pay tax on it. Medical pot is “tangible personal property” that is “subject to sales and use tax,” a state economics panel has found. “Annual state and local government sales tax revenues could increase by an estimated $67 million after taking into account lawful consumption of medical marijuana,” according to a summary of its report posted online this week. The Financial Impact Estimating Conference also determined that marijuana “is…

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Alex Sink says she supports a sales tax on Internet purchases

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In her interview on Bay News 9’s Political Connections, Democratic gubernatorial candidate Alex Sink says she supports a sales tax on Internet purchases.  According to Adam Smith: Sink also said in the interview airing (on Sunday) at 11 a.m. and 8 p.m. that she would support a sales tax on Internet purchases, so long as the overall sales tax rate was reduced to make it revenue-neutral.

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