MA S85

Authorizes the Executive Office of Economic Development to establish policies for soliciting and accepting private donations to the Cannabis Social Equity Trust Fund from licensed marijuana establishments, medical marijuana treatment centers, nonprofits, and individuals

Creates a voluntary tax return contribution option allowing individuals to donate $1 (or $5,000 per spouse on joint returns) to the fund, with a full tax credit for contributions up to the filer's income tax liability

Requires annual reporting within 90 days of fiscal year end on private donation efforts, amounts raised by source type, and administrative costs

Establishes a loan guarantee program through Community Development Financial Institutions, credit unions, and banks using a portion of the fund to support social equity cannabis businesses

Creates a stakeholder working group including social equity business owners, legislative committee chairs, financial institution leaders, and state officials to guide program development and determine funding allocation