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PROPOSITION AA INDEPENDENT CITIZENS OVERSIGHT COMMITTEE MEETINGICOC Agenda Packet, 011221 1 of 94 Board of Trustees Michael Allan Kristin Gibson Melissa Mossy Maureen Mo Muir Katrina Young Superintendent
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Proposition AA is a measure related to the regulation and taxation of marijuana in specific jurisdictions.
Entities or individuals involved in the cultivation, distribution, or sale of marijuana, as well as those subject to the related taxes, are typically required to file Proposition AA.
Proposition AA must be filled out by providing the required information on income, expenditures, and applicable taxes as specified in the form. It usually involves detailing financial records and possibly requiring supporting documentation.
The purpose of Proposition AA is to establish a framework for the taxation and regulation of marijuana and to ensure compliance with local laws and tax obligations.
Information that must be reported includes sales figures, tax calculations, business expenses, and any other relevant financial data concerning marijuana operations.
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