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: Iowa Drug Stamp Tax - Case Study Example

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In the paper “Case Study: Iowa Drug Stamp Tax” the researcher seeks out possibilities that would enable the American economy to see an infusion of cash into its system. One such suggestion would be the introduction of a system that would regulate the use of marijuana…
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Case Study: Iowa Drug Stamp Tax
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: Iowa Drug Stamp Tax

Download file to see previous pages... In further explanation of the Iowa policy, as it comes at the cost of the stamps themselves, “The stamps cost $5 a gram for marijuana, $750 per marijuana plant, $250 a gram for other drugs and $400 per 10 doses of drugs that come in tablet form, such as ecstasy. The minimum charge is $215.,” (Leitsinger, 2003). A monetary policy put into place that would be meant as a means of being able to collect a fine for those who are caught and found to be going against the regulations put into place on the matter. Such as, being caught without the presence of the stamp that would be expected to be placed upon the product(s) in question, which would provide subsequent evidence that the tax had not been paid in the first place.
 Iowa would ultimately not be the first state to enact such a policy against the possession of illegal drugs. That would have been Arizona, who set into law their own policy back in 1983. In the time between the creation of the Iowa policy in 1990 and 2003, “Since Iowa enacted its drug tax in 1990, the state has collected nearly $4 million total in penalties and tax revenues,” (Leitsinger, 2003). As for how to purchase them that is done through the Iowa Department of Revenue office. The proceeds of the sales from the stamps would ultimately go to the primary fund of Iowa, otherwise known as the state’s general fund.
 One of the questions to consider would be the differentiation between those individuals who would be able to be labeled as dealers of the illegal drugs and the others, who would not face such distinction. Under Sec.37.453B.1, the definitions section of the Iowa Drug Stamp Law, this among other issues are addressed. ...Download file to see next pagesRead More
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