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 also seeks to establish a cannabis youth grant program and requires an annual report on this program.
Main Provisions
Revenue Allocation: The bill proposes a change in the allocation of tax revenues from cannabis sales. It specifies that 80% of these revenues will go to the state's general fund, while 20% will be directed to the local government cannabis aid account in the special revenue fund.
Cannabis Youth Grant Program: A new cannabis youth grant program will be created. This program will be funded by 10% of the revenues allocated to the general fund. This funding is to be used by the commissioner of children, youth, and families for initiatives under section 342.71.
Reporting Requirement: An annual report on the cannabis youth grant program is required, ensuring transparency and accountability regarding the use of these funds.
Significant Changes to Existing Law
- Amendment to Revenue Deposit: The bill amends the current statue (Minnesota Statutes 2024, section 295.81, subdivision 10), modifying how cannabis tax revenues are distributed and introducing a requirement for the establishment of the cannabis youth grant program.
Relevant Terms
cannabis, cannabis gross receipts tax, cannabis youth grant program, general fund, local government cannabis aid account, Minnesota Statutes, tax revenues, commissioner of children youth and families
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 20, 2025 | Senate | Floor | Action | Introduction and first reading | |
| March 20, 2025 | Senate | Floor | Action | Referred to | Commerce and Consumer Protection |
| Senate | Note | Action | See |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill modifies the deposit of revenues under section 295.81 by amending subdivision 10.",
"modified": [
"Adjusts the allocation of cannabis gross receipts tax revenue to include specific percentage distribution to the local government cannabis aid account."
]
},
"citation": "295.81",
"subdivision": "subdivision 10"
}
]