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HB18-1101

Retail Marijuana Sales Tax Appropriations For Schools

Concerning modification of the manner in which gross retail marijuana tax revenue that is transferred from the general fund to the state public school fund as required by current law is appropriated from the state public school fund.
Session:
2018 Regular Session
Subjects:
Capital Construction
Education & School Finance (Pre & K-12)
Bill Summary

Joint Budget Committee. Beginning in state fiscal year 2018-19, current law:

  • Requires 12.59% of the gross retail marijuana sales tax revenue remaining in the general fund after a required allocation of 10% of the revenue to local governments to be transferred to the state public school fund; and
  • Continuously appropriates that revenue for the same state fiscal year in which it is transferred from the state public school fund to the department of education to help meet the state share of total program funding for school districts and institute charter schools.

The bill eliminates the continuous appropriation of the revenue in the state fiscal year in which it is transferred to the state public school fund and instead specifies that beginning in state fiscal year 2019-20, the general assembly may appropriate all or any portion of the revenue transferred to the state public school fund during the prior state fiscal year to the department of education to help meet the state share of total program funding for school districts and institute charter schools.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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Status

Introduced
Passed
Became Law

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/15/2018 Signed Act PDF
    03/13/2018 Final Act PDF
    03/05/2018 Rerevised PDF
    03/01/2018 Revised PDF
    02/06/2018 Reengrossed PDF
    02/05/2018 Engrossed PDF
    01/18/2018 Introduced PDF