Bill Text: MI SB0179 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Marihuana: taxation; marihuana tax revenue; allocate to Indian tribes under certain circumstances. Amends sec. 14 of 2018 IL 1 (MCL 333.27964). TIE BAR WITH: SB 0180'23
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Passed) 2023-10-24 - Assigned Pa 0165'23 With Immediate Effect [SB0179 Detail]
Download: Michigan-2023-SB0179-Introduced.html
SENATE BILL NO. 179
A bill to amend 2018 IL 1, entitled
"Michigan Regulation and Taxation of Marihuana Act,"
by amending section 14 (MCL 333.27964).
the people of the state of michigan enact:
Sec. 14. (1) 1. The marihuana regulation fund is created in the state treasury. The department of treasury shall deposit into the fund all money collected under section 13 and all money collected by the department of treasury in accordance with an agreement described in section 3(y)(ii), of this act and the department cannabis regulatory agency shall deposit into the fund all fees collected in the fund. under this act. The state treasurer shall direct the investment of the fund and shall credit to the fund interest and earnings from fund investments. The department cannabis regulatory agency shall administer the fund for auditing purposes. Money in the fund shall at the close of the fiscal year must remain in the fund and must not lapse to the general fund.
(2) 2. Funds for the initial activities of the department cannabis regulatory agency to implement this act shall be appropriated from the general fund. The department cannabis regulatory agency shall repay any amount appropriated under this subsection from proceeds in the fund.
(3) 3. The department cannabis regulatory agency shall expend money in the fund first for as follows:
(a) For the implementation, administration, and enforcement of this act. , and second, until
(b) Until 2022 or for at least two 2 years, to provide $20 million annually to one whichever is later, for 1 or more development and research projects, including clinical trials, that are approved by the United States food Food and drug administration Drug Administration and sponsored by a non-profit nonprofit organization or researcher within an academic institution researching the efficacy of marihuana in treating the medical conditions and preventing the suicide of United States armed services Armed Services veterans. and preventing veteran suicide. The cannabis regulatory agency shall expend $20,000,000.00 per year under this subdivision.
(4) Upon appropriation, the unexpended balances in the fund must be allocated as follows:
(a) Subject to subsection (5), 15% to municipalities in which a marihuana retail store retailer or a marihuana microbusiness is located, allocated in proportion to the number of marihuana retail stores retailers and marihuana microbusinesses within the each municipality. ;
(b) Subject to subsection (5), 15% to counties in which a marihuana retail store retailer or a marihuana microbusiness is located, allocated in proportion to the number of marihuana retail stores retailers and marihuana microbusinesses within the each county. ;
(c) 35% to the school aid fund to be used for K-12 education. ; and
(d) 35% to the Michigan transportation fund to be used for the repair and maintenance of roads and bridges.
(5) If a marihuana retailer or marihuana microbusiness is located in Indian lands, the portions of the unexpended balances attributable to the marihuana retailer or marihuana microbusiness that would have otherwise been allocated to a municipality under subsection (4)(a) and a county under subsection (4)(b) must instead be allocated to the Indian tribe in whose Indian lands the marihuana retailer or marihuana microbusiness is located.
Enacting section 1. This amendatory act does not take effect unless Senate Bill No. 180 of the 102nd Legislature is enacted into law.
