SF4329 (Legislative Session 94 (2025-2026))
Use of proceeds from the cannabis gross receipts tax modification
Related bill: HF4229
AI Generated Summary
Purpose
- The bill focuses on how money from the cannabis gross receipts tax is used. It aims to create or support a cannabis youth grant program, require a reporting requirement, and make specific changes to how related funds are deposited and allocated in Minnesota law.
Main Provisions
- Deposits of tax revenues: The revenues from the cannabis tax, including penalties and interest, must be deposited into the general fund.
- Allocation to youth program: Out of the deposited amount, 10% must be annually appropriated to the commissioner of children, youth, and families for the cannabis youth grant program (under the authority of section 342.71).
Changes to Existing Law
- Amends: Minnesota Statutes 2025 Supplement section 295.81 subdivision 10 to implement the new deposit and allocation rules.
- Coding for new law: Provisions reference coding for a new law in Minnesota Statutes chapter 342.
Reporting Requirement
- The bill requires a report related to the program and/or the use of these funds, though details are not provided in the text provided.
Significance and Impact
- Financial impact: A dedicated 10% of cannabis tax revenues (including penalties and interest) would be redirected to support the cannabis youth grant program, altering how a portion of cannabis tax revenue is used and tracked.
- Policy emphasis: Allocates funds specifically to youth-focused cannabis-related programs via the agency responsible for children, youth, and families.
Relevant Terms - cannabis gross receipts tax - general fund - penalties and interest - ten percent (10%) - cannabis youth grant program - commissioner of children, youth and families - section 342.71 - Minnesota Statutes 2025 Supplement section 295.81 subdivision 10 - Minnesota Statutes chapter 342 - deposit - report
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 11, 2026 | Senate | Action | Introduction and first reading | ||
| March 11, 2026 | Senate | Action | Referred to | Commerce and Consumer Protection |
Citations
[
{
"analysis": {
"added": [
"Adds Subd. 10: Deposit of revenues (including penalties and interest) derived from the cannabis gross receipts tax into the general fund.",
"Allocates 10 percent of the deposited revenues to the Cannabis Youth Grant Program under section 342.71."
],
"removed": [],
"summary": "This bill amends Minnesota Statutes 2025 Supplement section 295.81, subdivision 10 to establish a revenues deposit mechanism and allocate a portion to the Cannabis Youth Grant Program under section 342.71.",
"modified": [
"Subd. 10 is amended to reflect the new deposit requirement and annual 10% appropriation to the Cannabis Youth Grant Program."
]
},
"citation": "295.81",
"subdivision": "Subd. 10"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References Minnesota Statutes 2025 Supplement section 342.71 for funding the Cannabis Youth Grant Program; no direct modification to 342.71 is shown in the text.",
"modified": [
"Referenced by the bill as the program funding source for the Cannabis Youth Grant Program."
]
},
"citation": "342.71",
"subdivision": ""
}
]Progress through the legislative process
In Committee