Amendment ID: S2090-83-R1

Redraft Amendment 83

Annual Revenue Report

Messrs. O'Connor, Moore and Fattman, Ms. O'Connor Ives and Mr. Ross move to amend the bill in section 19, by adding the following section:-

“Section 16. Annually, not later than December 31, the department of revenue shall issue a comprehensive report analyzing tax revenue deposited in the Marijuana Regulation Fund established in section 14. The report shall include, but not be limited to: (i) revenue received from marijuana sales; (ii) recommendations for potential tax adjustments to increase state revenues; (iv) projections for state revenues in the next fiscal year; and (v) recommendations, if any, on best practices to implement changes to the tax rate or structure over time. The report shall be submitted the clerks of the senate and the house of representatives, the chairs of the joint committee on revenue and the chairs of the senate and house committees on ways and means.”.