SB 25-268

  • Colorado Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Apr 03, 2025
  • Passed Senate Apr 03, 2025
  • Passed House Apr 10, 2025
  • Signed by Governor Jun 03, 2025

Changes to Money in the Marijuana Tax Cash Fund

Abstract

For state fiscal years commencing on or after July 1, 2025, the act repeals the requirement that the general assembly annually appropriate $3 million from the marijuana tax cash fund (fund) to the board of regents of the university of Colorado for the implementation of the medication-assisted treatment expansion pilot program (program) but allows the general assembly to choose to appropriate money for the implementation of the program. Accordingly, the cash funds appropriation from the fund made in the general appropriation act for the 2025-26 state fiscal year for this purpose is decreased by $3 million. The act also repeals the requirement that the state treasurer transfer $20 million from the fund to the public school capital construction assistance fund on June 1, 2026. Finally, beginning July 1, 2025, the act changes the apportionment of the proceeds collected from the retail marijuana sales tax (tax revenue) between the state and local governments so that local governments receive 3.5% rather than 10% of the tax revenue and the state retains 96.5% rather than 90% of the tax revenue. The 6.5% increase of the tax revenue that the state retains is apportioned to the fund. On or after November 1, 2027, but before April 1, 2028, the joint budget committee is required to review the percentage of the tax revenue that is allocated to local governments to determine whether the percentage continues to be appropriate and recommend any necessary modifications to the general assembly. (Note: This summary applies to this bill as enacted.)

Bill Sponsors (7)

Votes


Actions


Jun 03, 2025

Office of the Governor

Governor Signed

May 06, 2025

House

Signed by the Speaker of the House

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

Apr 24, 2025

Senate

Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass

Apr 23, 2025

House

House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass

House

House Consideration of First Conference Committee Report result was to Reconsider - CCR produced

House

House Consideration of First Conference Committee Report result was to Adopt Committee Report - Not Repass

Apr 11, 2025

Senate

Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee

Apr 10, 2025

House

House Third Reading Passed - No Amendments

Apr 09, 2025

House

House Second Reading Special Order - Passed with Amendments - Floor

Apr 08, 2025

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

Apr 03, 2025

House

Introduced In House - Assigned to Appropriations

  • Introduction
Appropriations

Senate

Senate Third Reading Passed - No Amendments

Apr 02, 2025

Senate

Senate Second Reading Special Order - Passed with Amendments - Floor

Apr 01, 2025

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Appropriations Senate Committee of the Whole

Mar 31, 2025

Senate

Introduced In Senate - Assigned to Appropriations

  • Introduction
Appropriations

Bill Text

Bill Text Versions Format
Signed Act (06/03/2025) PDF
Final Act (05/06/2025) PDF
Rerevised (04/10/2025) PDF
Revised (04/09/2025) PDF
Reengrossed (04/03/2025) PDF
Engrossed (04/02/2025) PDF
Introduced (03/31/2025) PDF
PA1 (04/09/2025) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (03/31/2025) PDF
Fiscal Note SA2 (04/07/2025) PDF
Fiscal Note FN1 (03/31/2025) PDF
Fiscal Note FN2 (04/07/2025) PDF
Fiscal Note FN3 (04/08/2025) PDF
Fiscal Note FN4 (04/14/2025) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.