Drug Tax Law - Essay Example

According to the law, a drug dealer means a person who ships, transports, or imports or acquires purchases, possesses, manufactures, or introduces drug substances in that state. According to the law of Iowa, a person becomes a dealer if he or she introduces seven-plus grams of a dutiable constituent except for marijuana, but comprising a chargeable means, especially a blend of cannabis Sativa and other taxable affluence. It also applies when a person gets into possession of forty-two and a half or more of refined cannabis Sativa, or of a matter consisting of or comprising Cannabis Sativa.

A person in possession of one or more unprocessed marijuana plants becomes subject to the drug-stamp Act. Ten and above prescription components of a taxable matter that is not sold by mass (Department of Iowa Revenue Web). The following rates of tax are imposed on the dealership of marijuana. On every gram of processed marijuana, five dollars is taxed. On every metric gram of any dutiable substance, sold by mass, other than cannabis Sativa, two hundred and fifty dollars fee is imposed. Seven hundred and fifty dollars is charged for every unprocessed marijuana plant.

A four hundred dollar fee is imposed on every ten dosage unit that is not sold by weight or portions thereof. Tax payment is required upon possession of drugs. Any person dealing with drugs and who fits in any of the above categories is required to buy drug tax stamps and affix the stamps on the drugs. To avoid self-incrimination, a person is not required by the law to divulge any personal information. However, there are some penalties imposed on dealers of marijuana. The director assesses the tax, interests, and appropriate penalties based on the information available.

However, the following information is confidential stamp sales and inquiries, assessments, bank levy, and payments.

Garnishment and lien can only be exposed to the public if the papers are forwarded to the courthouse. A person who infringes this section is guilty of a simple misdemeanor. The taxes imposed by this Act are appropriate and payable immediately upon processing, production, acquisition, purchase, or possession by a dealer (Brightly 289-271).

            The assets seized under the program should be the assets that are not available to the law enforcement agencies through the standard penalization accounts. The dealers’ assets should not be connected to drug dealing. The director has the authority to watch these dealers and can capture other assets unless the drug-stamp tax assessment is satisfied. The revenue collected from the drug stamp goes directly to the state’s general fund (Withrow Stiles 1037-1038).

The government of the state of Iowa is particularly discouraging the possession and distribution of the above-mentioned drugs by imposing high stamp duties on them. These drugs have been known to have an adversative effect on the standard functioning of human physiology. They lead to addiction alongside damaging the brain. The revenue obtained is directly taken to the state general fund account where it is used summed up in the countries’ gross national income.