Bill
LC 3464
Revise marijuana tax revenue allocation, potentially reshaping funding for state programs; draft died in process, with no specifics or fiscal impact provided yet.
Overview
- Bill Number: LC 3464
- Title: Generally revise marijuana tax revenue allocation
- Status: Draft (LC) Died in Process
- Introduced: December 14, 2024
- Classification/Subject: Bill; Alcohol and Drugs, State Finance; Taxation
Purpose and Intent
- The bill’s title indicates its aim is to generally revise how marijuana tax revenues are allocated within the state. The available information does not include the bill’s substantive text, so the specific goals, allocation formulas, or policy priorities (e.g., funding to education, public health, law enforcement, or general fund) are not disclosed here.
Key Provisions
- Specific provisions are not provided in the available summary. As such, there is no published detail on:
- How tax revenues would be redistributed or prioritized
- Any new or altered funding streams or programs
- Sunset or trigger mechanisms
- Oversight, governance, or administration of the allocation
- Readers interested in exact changes should consult the full bill text or fiscal notes once they are available.
Affected Parties and Impacts
- State government and related agencies involved in finance, taxation, and budget allocation would be directly affected by changes to marijuana tax revenue flows.
- Programs and funds that currently rely on marijuana tax allocations could experience changes in funding levels or timing.
- Taxpayers and industry participants may see indirect effects depending on how revenue allocations shift (e.g., changes to funding for public services, health programs, or enforcement).
Procedural History and Timeline
- 2024-12-14: Drafter Assigned
- 2025-01-20: Draft On Hold
- 2025-03-20: Draft Taken Off Hold
- 2025-03-25: Draft On Hold
- 2025-05-27: Draft Died in Process
Notes
- The bill did not advance beyond the draft stage and is recorded as having died in process. No substantive text or fiscal impact analysis is provided in the available summary.
- For a complete understanding, one should review the bill’s actual text, any accompanying fiscal notes, and committee hearing records if/when a new version is introduced or refiled.
If you’d like, I can format a brief question checklist to guide reviewing the full LC 3464 text once it becomes available (e.g., allocation percentages, targeted funds, implementation timeline, and any sunset provisions).
Compiled from official sources — confirm details with the bill’s official record.
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