Utah Statutes
§ 59-31-401 — Cannabinoid Proceeds Restricted Account.
Utah·Title 59 Revenue and Taxation·Ch. 59-31 Cannabinoid Licensing and Tax Act·Part 59-31-4 Miscellaneous Provisions.
(1)There is created within the General Fund a restricted account known as the "Cannabinoid Proceeds Restricted Account."
(2)The Cannabinoid Proceeds Restricted Account consists of:
(2)(a) revenue collected from the tax imposed by Section 59-31-301; and
(2)(b) amounts appropriated by the Legislature.
(3)Subject to appropriation, money in the account may be used for the following:
(3)(a) enforcement of Title 4, Chapter 41, Hemp and Cannabinoid Act by the Department of Agriculture and Food;
(3)(b) investigations described in Section 77-39-101, regarding cannabinoid products;
(3)(c) the Industrial Hemp Grant Program created in Section 63N-3-1302; and
(3)(d) provided to counties, cities, and towns in proportion to the county's, city's, or town's distribution under Section 59-12-205 for the p
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 59-31-401 (Cannabinoid Proceeds Restricted Account.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 35, 2024 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.