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SF2791 (Legislative Session 94 (2025-2026))

Cannabis gross receipts tax proceeds usage modification provision and cannabis youth grant program establishment

AI Generated Summary

Purpose of the Bill

The bill aims to modify how proceeds from the cannabis gross receipts tax are used in Minnesota. It focuses on amending existing statutes to fund youth programs and support local governments through adjusted revenue allocations.

Main Provisions

  • Revenue Allocation: The bill changes the distribution of the cannabis gross receipts tax revenues. It specifies that 80% of the proceeds will go to the state's general fund, while 20% is allocated to a special fund called the local government cannabis aid account.
  • Youth Grant Program Funding: It introduces the cannabis youth grant program, which is designated to receive 10% of the funds initially allocated to the general fund. This program will be managed by the Commissioner of Children, Youth, and Families, indicating a focus on supporting youth-related initiatives.

Significant Changes to Existing Law

  • The bill amends Minnesota Statutes 2024, section 295.81, subdivision 10, to establish a specific funding structure for the revenues from the cannabis tax.
  • It proposes new law coding within Minnesota Statutes chapter 342 to facilitate the new cannabis youth grant program.

Relevant Terms

cannabis, cannabis gross receipts tax, general fund, local government cannabis aid account, special revenue fund, cannabis youth grant program, Commissioner of Children, Youth, and Families.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 19, 2025SenateFloorActionIntroduction and first reading
March 19, 2025SenateFloorActionReferred toCommerce and Consumer Protection

Citations

 
[
  {
    "analysis": {
      "added": [
        "Establishes a new allocation of funds for the cannabis youth grant program."
      ],
      "removed": [
        "N/A"
      ],
      "summary": "This bill modifies the distribution of proceeds from the cannabis gross receipts tax under section 295.81.",
      "modified": [
        "Adjusts the allocation of tax revenues to the general fund and local government cannabis aid account."
      ]
    },
    "citation": "295.81"
  }
]

Sponsors