SB 25-268 CO

0likes☆Favorite🔕SubscribeShare

Became Law

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.)

• Jeff Bridges Democratic · primary
• Barbara Kirkmeyer Republican · primary
• Shannon Bird · primary
• Emily Sirota Democratic · primary

1. Jun 3, 2025 Governor Signed · executive
2. May 6, 2025 Signed by the Speaker of the House · lower
3. May 6, 2025 Sent to the Governor · executive
4. May 6, 2025 Signed by the President of the Senate · upper
5. Apr 24, 2025 Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass · upper
6. Apr 23, 2025 House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass · lower
7. Apr 23, 2025 House Consideration of First Conference Committee Report result was to Reconsider - CCR produced · lower
8. Apr 23, 2025 House Consideration of First Conference Committee Report result was to Adopt Committee Report - Not Repass · lower
9. Apr 11, 2025 Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee · upper
10. Apr 10, 2025 House Third Reading Passed - No Amendments · lower
11. Apr 9, 2025 House Second Reading Special Order - Passed with Amendments - Floor · lower
12. Apr 8, 2025 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
13. Apr 3, 2025 Introduced In House - Assigned to Appropriations · lower
14. Apr 3, 2025 Senate Third Reading Passed - No Amendments · upper
15. Apr 2, 2025 Senate Second Reading Special Order - Passed with Amendments - Floor · upper
16. Apr 1, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
17. Mar 31, 2025 Introduced In Senate - Assigned to Appropriations · upper