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S 3135

Cold Weather Diesel Reliability Act of 2025

119th Congress Introduced by John Curtis and 3 co-sponsors

Bill S 3135 repeals the excise tax on medical cannabis, making it more affordable for patients and potentially impacting state revenue and healthcare providers.

Committee on Environment and Public Works. Hearings held.
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Bill Summary · S 3135

Summary of Bill S 3135

Bill Overview

  • Bill Number: S 3135
  • Title: Repeals the excise tax on medical cannabis and the medical cannabis trust fund
  • Status: Referred to Budget and Revenue Committee
  • Introduced On: January 23, 2025
  • Classification: Legislative Bill

Purpose and Intent

The primary purpose of Bill S 3135 is to eliminate the excise tax currently imposed on medical cannabis. This legislation aims to reduce the financial burden on patients who rely on medical cannabis for therapeutic purposes. By repealing this tax, the bill seeks to make medical cannabis more accessible and affordable for individuals in need of such treatment.

Key Provisions

  • Repeal of Excise Tax: The bill proposes the complete repeal of the excise tax on medical cannabis, which is a tax levied on the sale of cannabis products intended for medical use.
  • Dissolution of the Medical Cannabis Trust Fund: In conjunction with the repeal of the excise tax, the bill also seeks to dissolve the medical cannabis trust fund that was established to manage the revenue generated from this tax.

Impact

  • Patients: The repeal of the excise tax is expected to lower the cost of medical cannabis for patients, potentially increasing access to necessary treatments for those with qualifying medical conditions.
  • Healthcare Providers: Medical cannabis providers may experience changes in their pricing structures and operational costs, as the tax burden will be lifted.
  • State Revenue: The elimination of the excise tax may result in a decrease in state revenue that was previously allocated to the medical cannabis trust fund. This could impact funding for programs or services that were supported by these funds.

Procedural Aspects

  • Current Status: As of January 23, 2025, the bill has been referred to the Budget and Revenue Committee for further consideration. The timeline for subsequent actions, including potential hearings or votes, will depend on the committee's schedule and priorities.

Related Legislation

  • S 5365: A related bill from the prior session that may address similar issues or provide context for the current legislation.
  • A 4764: A companion bill in the Assembly that aligns with the objectives of S 3135, potentially facilitating a more comprehensive legislative approach to the topic.

This summary provides a clear understanding of Bill S 3135, its implications for medical cannabis taxation, and the broader impact on patients and state revenue.

Compiled from official sources — confirm details with the bill’s official record.

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