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La Senate Bill 22 - A hint of what's to come re: legalization?

Posted on 2/25/14 at 10:47 am
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51669 posts
Posted on 2/25/14 at 10:47 am
LINK

quote:

Section 1. (A) There is hereby created in the state treasury the State Retirement Fund. Notwithstanding any other provision of law in effect on the effective date of this Act or thereafter, the treasurer shall deposit into the State Retirement Fund five percent of the amount of each tax, assessment, or fee collected under any provision of state law in Fiscal Year 2014-2015 and under any provision of state law in each fiscal year thereafter, which provision of law is related to legalization of marijuana, after first having credited such amounts to the Bond Security and Redemption Fund as required by Article VII, Section 9(B) of the Constitution of Louisiana.


Seeking to use some of tax monies generated by any legalization to help pay off the State's UAL. Does this mean Senator Guillory knows of something that's coming, or is this just getting ducks in a row in case legalization happens?
Posted by TN Bhoy
San Antonio, TX
Member since Apr 2010
60589 posts
Posted on 2/25/14 at 10:49 am to
quote:

is this just getting ducks in a row in case legalization happens?



This. Tons of bills like this pass every year. The state doesn't want to blindsided by something.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51669 posts
Posted on 2/25/14 at 10:53 am to
quote:

The state doesn't want to miss out on an opportunity to tax something.


fify ;)
Posted by TROLA
BATON ROUGE
Member since Apr 2004
12348 posts
Posted on 2/25/14 at 10:57 am to
Getting ducks in a row but with Louisiana politics it's also a good way to buy the vote and or silence of critics...

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