||The bill provides
for a sales tax holiday weekend and will result in a reduction in General
Fund revenue of $14,777,625 in fiscal year 2021-22 and $15,298,750 in fiscal
year 2022-23. It will also result in a
reduction in Local Government Fund revenue of $576,375 in fiscal year 2021-22
and $605,250 in fiscal year 2022-23.
The bill will reduce revenue (negative revenue transfers) to the Adult
Use Marijuana Public Health and Safety Fund by 16,000 in fiscal year 2021-22
and $22,000 in fiscal year 2022-23 and reduce revenue to the Tourism
Marketing Promotion Fund by $214,000 in fiscal year 2022-23. Additional costs to the Department of
Administrative and Financial Services associated with educating retailers on
the sales tax holiday can be absorbed within existing budgeted resources.