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HI SR162
Resolution
AI Summary
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Department of Business, Economic Development, and Tourism must conduct a study on projected state revenue from legalizing recreational marijuana taxed at the general excise tax rate.
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Study must include a five-year total projection of potential revenue from legalized recreational marijuana under the proposed tax structure.
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Department may consult with public or private entities to complete the study.
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Department must submit findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2024 Regular Session convenes.
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A certified copy of the resolution must be transmitted to the Director of Business, Economic Development, and Tourism.
Legislative Description
Requesting The Department Of Business, Economic Development, And Tourism To Conduct A Study On The Projected Revenue That Would Be Generated For The State From The Legalization Of Recreational Marijuana If It Were Taxed At A Rate Equal To The Existing General Excise Tax Rate.
Marijuana
Last Action
Referred to EET.
3/16/2022