MARIJUANA REVENUE; SHIFT TO MTF                                                            S.B. 1103:

                                                                                 SUMMARY OF INTRODUCED BILL

                                                                                                         IN COMMITTEE

Senate Bill 1103 (as introduced 9-10-20)

Sponsor:  Senator Curtis Hertel, Jr.

Committee: Committee of the Whole

Date Completed:  9-14-20

CONTENT

The bill would amend Act 51 of 1951 to allow marijuana tax revenue to be deposited into the Michigan Transportation Fund (MTF). This revenue would be added to the MTF after it had other earmarks removed, including the 10% earmark to the Comprehensive Transportation Fund (CTF).

MCL 247.660

FISCAL IMPACT

The bill would have no fiscal impact on the State and a varied fiscal impact on local units of government. By adding the marijuana tax revenue to the MTF after the CTF earmark was deducted, the State and local road agencies would get the full benefit of the remaining marijuana tax revenue, while local transit agencies would not receive any of the marijuana revenue. With the remaining revenue listed at $27.3 million as of August 31, 2020, the amount that would not go to the CTF (that, instead, would go to the MTF to be divided into shares for the Department of Transportation, counties, and cities and villages) would be $2.7 million.

                                                                                 Fiscal Analyst:  Michael Siracuse

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.