Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

SF 5118

1st Engrossment - 93rd Legislature (2023 - 2024) Posted on 04/16/2024 09:31am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Pdf Rtf

Current Version - 1st Engrossment

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16
1.17 1.18

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:

Section 1.

Minnesota Statutes 2023 Supplement, section 295.81, subdivision 10, is amended
to read:


Subd. 10.

Deposit of revenues; account established.

(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.

new text begin (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.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for gross receipts received after June 30,
2024.
 new text end