1st Engrossment - 93rd Legislature (2023 - 2024) Posted on 04/16/2024 09:31am
A bill for an act
relating to taxation; gross receipts; appropriating taxable cannabis gross receipts
tax revenue for certain purposes; amending Minnesota Statutes 2023 Supplement,
section 295.81, subdivision 10.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2023 Supplement, section 295.81, subdivision 10, is amended
to read:
(a) The commissioner must deposit
the revenues, including penalties and interest, derived from the tax imposed by this section
as follows:
(1) 80 percent to the general fund; and
(2) 20 percent to the local government cannabis aid account in the special revenue fund.
(b) The local government cannabis aid account is established in the special revenue fund.
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(c) Of the amount deposited under paragraph (a), clause (1), five percent is annually
appropriated to the commissioner of children, youth, and families for youth cannabis use
prevention and early intervention and treatment of cannabis use.
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This section is effective for gross receipts received after June 30,
2024.
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