To amend the Internal Revenue Code of 1986 to provide for the taxation of marijuana, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Marijuana Tax Equity Act of 2013''.
SEC. 2. TAXATION RELATING TO MARIJUANA.
(a) In General.--Subtitle E of title I of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter:
``subchapter a. producer tax.
``subchapter b. special provisions relating to marijuana enterprises.
``subchapter c. penalties.
``Subchapter A--Producer Tax
``Sec. 5901. Imposition of tax. ``Sec. 5902. Exemption from tax. ``Sec. 5903. Special rules. ``Sec. 5904. Definitions.
``SEC. 5901. IMPOSITION OF TAX.
``(a) Imposition of Tax.--There is hereby imposed a tax on the sale of marijuana by the producer or importer thereof. ``(b) Amount of Tax.--The amount of the tax imposed by subsection (a) shall be 50 percent of the price for which so sold.
``SEC. 5902. EXEMPTION FROM TAX.
``(a) General Rule.--Under regulations prescribed by the Secretary, no tax shall be imposed under this subchapter on the sale by the producer or importer of an article-- ``(1) for use by the purchaser for further production, or for resale by the purchaser to a second purchaser for use by such second purchaser in further production, or ``(2) for export, or for resale by the purchaser to a second purchaser for export. ``(b) Proof of Resale for...