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Bill > LD740
ME LD740
ME LD740An Act To Provide Municipalities a Percentage of the Revenue Generated from the Taxes Imposed on the Sale of Recreational Marijuana in Those Municipalities
summary
Introduced
03/10/2021
03/10/2021
In Committee
03/10/2021
03/10/2021
Crossed Over
Passed
Dead
05/19/2021
05/19/2021
Introduced Session
130th Legislature
Bill Summary
This bill requires the transfer of 25% of the revenue from the sales tax and the excise tax on adult use marijuana to a fund established by the bill to be distributed to municipalities where marijuana establishments are located in proportion to the ratio of the revenue generated in the municipality to the total revenue generated by adult use marijuana establishments statewide.
AI Summary
This bill requires the transfer of 25% of the revenue from the sales tax and the excise tax on adult use marijuana to a newly established Local Government Marijuana Revenue Fund. The fund will be distributed to municipalities where marijuana establishments are located, in proportion to the ratio of revenue generated in each municipality to the total revenue generated by adult use marijuana establishments statewide. This aims to assist municipalities in offsetting the negative effects of local regulation and enforcement of adult use marijuana laws.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (on 05/19/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legislature.maine.gov/legis/bills/display_ps.asp?LD=740&snum=130 |
| BillText | http://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0545&item=1&snum=130 |
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