Retail Marijuana Sales Tax Appropriations For Schools

Retail marijuana sales tax revenue transferred to state public school fund - annual appropriation. Beginning in state fiscal year 2019-20, the act eliminates, for the state fiscal year in which it is transferred, the continuous appropriation of gross retail marijuana sales tax revenue that is transferred to the state public school fund to the department of education for the purpose of helping to meet the state share of total program funding for school districts and institute charter schools. The act also specifies that the general assembly may appropriate all or any portion of the revenue transferred to the state public school fund during the prior state fiscal year to the department of education for that purpose.
(Note: This summary applies to this bill as enacted.)