AB 466 — Requires the creation of a pilot program to facilitate certain financial transactions relating to marijuana. (BDR 18-870)
Last action — Approved by the Governor. Chapter 403.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced March 25, 2019. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
AN ACT relating to financial transactions; requiring the State Treasurer to create a pilot program for the establishment of one or more closed-loop payment processing systems to facilitate certain financial transactions relating to marijuana; setting forth certain requirements for a closed-loop payment processing system; and providing other matters properly relating thereto.
Bill Text
What changed in the latest version
239 added · 253 removed239 line(s) added, 253 removed.
REQUIRESAssembly TWO-THIRDSBill MAJORITYNo. VOTE (§ 1) EXEMPT (Reprinted with amendments adopted on April 18, 2019) FIRST REPRINT A.B.
466466–Committee Aon SSEMBLYGrowth Band ILLNInfrastructure O.CHAPTER..........
466–COMMITTEE ON GROWTH AND INFRASTRUCTURE M ARCH 25, 2019 ____________ Referred to Committee on Taxation SUMMARY—Requires the creation of a pilot program to facilitate certain financial transactions relating to marijuana.
(BDR 18-870) FISCAL NOTE:
Effect on Local Government:
No.
Effect on the State:
Yes.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
setting forth certain requirements for a closed-closed-loop loop payment processing system;
Thisestablishment billof requiresone theor Statemore Treasurerclosed-loop topayment createprocessing asystems pilotthat programenable forcertain thepersons establishmentto ofengage onein orfinancial moretransactions closed-looprelating paymentto processingmarijuana systemsin thata enablesafe and efficient manner.
This bill requires a closed-loop payment processing system established under the pilot program to be designed to achieve certain purposes, including, without limitation, to provide marijuana establishments and medical marijuana establishments a safe, secure and convenient method ofofishments paying state and local taxes.
This bill also requires a closed-loop payment processing system to allow certain persons to utilize accounts created by the State and to include certain technological features.
-EXPLANATION *AB466_R1* – 2Matter –in THEbolded PEOPLEitalics OFis THEnew; STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
matter between brackets [omitted material] is material to be omitted.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
- 80th Session (2019) – 2 – (b) Providing marijuana establishments and medical marijuana establishments with a safe, secure and convenient method of paying state and local taxes;
(e)to Preventingcriminal revenueenterprises, fromgangs theand saledrug ofcartels;uana marijuana from going to(f) criminalPreventing enterprises,marijuana gangsfrom andbeing drugdiverted cartels;across state lines;
(f) Preventing marijuana from being diverted across state lines;
- *AB466_R1* – 3 – (d) A method in which to initiate transactions by means of a securesec(e) mobileA applicationmethod which allows the State or a physicallocal card;government to collect tax revenue associated with a transaction made utilizing the closed-loop payment processing system.
and (e) A method which allows the State or a local government to collect tax revenue associated with a transaction made utilizing the closed-loop payment processing system.
- 80th Session (2019) – 3 – 6.
The State Treasurer shall prepare a detailed plan for the the pilot program created pursuant to subsection 1 and present the plan to the Interim Finance Committee for its review and Treasurerapproval. intends to contract.
The Stateplan Treasurermust shallidentify notate commence the operationvendor ofwith awhom closed-loop payment processing system until the InterimState FinanceTreasurer Committeeintends approves the plan prepared pursuant to thiscontract. subsection.
The State Treasurer shall not commence the operation of a closed-loop payment processing system until the Interim Finance Committee approves the plan prepared pursuant to this subsection.
- *AB466_R1* – 4 – 10.
As used in this section:
- 80th Session (2019) – 4 – (f) “Registry identification card” has the meaning ascribed to it in NRS 453A.140.
Except as otherwise provided in this section and NRS 1.4683, 1.4687, 1A.110, 3.2203, 41.071, 49.095, 49.293, 62D.420, 62D.440, 62E.516, 62E.620, 62H.025, 62H.030, 62H.170, 62H.220, 62H.320, 75A.100, 75A.150, 76.160, 78.152, 80.113, 81.850, 82.183, 86.246, 86.54615, 87.515, 87.5413, 87A.200, 87A.580, 87A.640, 88.3355, 88.5927, 88.6067, 88A.345, 88A.7345, 118B.026,9.2119.260,30,119.265, 1119.267,11119.280,116119A.280,1119.267,116119.280,16B119A.280, 119A.653, 119B.370, 119B.382, 120A.690, 125.130, 125B.140, 126.141, 126.161, 126.163, 126.730, 127.007, 127.057, 127.130, 127.140, 127.2817, 128.090, 130.312, 130.712, 136.050, 159.044, 159A.044, 172.075, 172.245, 176.01249, 176.015, 176.0625, 176.09129, 176.156, 176A.630, 178.39801, 178.4715, 178.5691, 179.495, 179A.070, 179A.165, 179D.160, 200.3771, 200.3772, 200.5095, 200.604, 202.3662, 205.4651, 209.392, 209.3925, 209.419, 209.521, 211A.140, 213.010, 213.040, 213.095, 213.131, 217.105, 217.110, 217.464, 217.475, 218A.350, 218E.625, 218F.150, 218G.130, 218G.240, 218G.350, 228.270, 228.450, 228.495, 228.570, 231.069, 231.1473, 233.190, 237.300, 239.0105, 239.0113, 239B.030, 239B.040, 239B.050, 239C.140, 239C.210, 239C.230, 239C.250, 239C.270, 240.007, 241.020, 241.030, 241.039, 242.105, 244.264, 244.335, 247.540, 247.550, 247.560, 250.087, 250.130, 250.140, 250.150, 268.095, 268.490, 268.910, 271A.105, 281.195, 281.805, 281A.350, 281A.680, 281A.685, 281A.750, 281A.755, 281A.780, 284.4068, 286.110, 287.0438, 289.025, 289.080, 289.387, 289.830, 293.4855, 293.5002, 293.503, 293.504, 293.558, 293.906, 293.908, 293.910, 293B.135, 293D.510, 331.110, 332.061, 332.351, 333.333, 333.335, 338.070, 338.1379,338.1379,, - *AB466_R1* – 5 – 338.1593, 338.1725, 338.1727, 348.420, 349.597, 349.775, 353.205, 353A.049, 353A.085, 353A.100, 353C.240, 360.240, 360.247, 360.255, 360.755, 361.044, 361.610, 365.138, 366.160, 368A.180, 370.257, 370.327, 372A.080, 378.290, 378.300, 379.008, 379.1495, 385A.830, 385B.100, 387.626, 387.631, 388.1455, 388.259, 388.501, 388.503, 388.513, 388.750, 388A.247, 388A.249, 391.035, 391.120, 391.925, 392.029, 392.147, 392.264, 392.271, 392.315, 392.317, 392.325, 392.327, 392.335, 392.850, 394.167, 394.1698, 394.447, 394.460, 394.465, 396.3295, 396.405, 396.525, 396.535, 396.9685, 398A.115, 408.3885, 408.3886, 408.3888, 408.5484, 412.153, 416.070, 422.2749, 422.305, 422A.342, 422A.350, 425.400, 427A.1236, 427A.872, 432.028, 432.205, 432B.175, - 80th Session (2019) – 5 – 432B.280, 432B.290, 432B.407, 432B.430, 432B.560, 432B.5902, 433.534, 433A.360, 437.145, 439.840, 439B.420, 440.170, 441A.195, 441A.220, 441A.230, 442.330, 442.395, 442.735, 445A.665, 445B.570, 449.209, 449.245, 449A.112, 450.140, 453.164, 453.720, 453A.610, 453A.700, 458.055, 458.280, 459.050, 459.3866, 459.555, 459.7056, 459.846, 463.120, 463.15993, 463.240, 463.3403, 463.3407, 463.790, 467.1005, 480.365, 480.940, 481.063, 481.091, 481.093, 482.170, 482.5536, 483.340, 483.363, 483.575, 483.659, 483.800, 484E.070, 485.316, 501.344, 503.452, 522.040,598.098, 534A.031,598A.110, 561.285,599B.090, 571.160,603.070, 584.655,603A.210, 587.877,604A.710,8.0964, 598.0964,612.265, 598.098,616B.012, 598A.110,616B.015, 599B.090,616B.315, 603.070,616B.350, 603A.210,618.341, 604A.710, 618.425, 622.310, 623.131, 623A.137, 624.110, 624.265, 624.327, 625.425, 625A.185, 628.418, 628B.230, 628B.760, 629.047, 629.069, 630.133, 630.30665, 630.336, 630A.555, 631.368, 632.121, 632.125, 632.405, 633.283, 633.301, 633.524, 634.055, 634.214, 634A.185, 635.158, 636.107, 637.085, 637B.288, 638.087, 638.089, 639.2485, 639.570, 640.075, 640A.220, 640B.730, 640C.400, 640C.600, 640C.620, 640C.745, 640C.760, 640D.190, 640E.340, 641.090, 641.325, 641A.191, 641A.289, 641B.170, 641B.460, 641C.760, 641C.800, 642.524, 643.189, 644A.870, 645.180, 645.625, 645A.050, 645A.082, 645B.060, 645B.092, 645C.220, 645C.225, 645D.130, 645D.135, 645E.300, 645E.375, 645G.510, 645H.320, 645H.330, 647.0945, 647.0947, 648.033, 648.197, 649.065, 649.067, 652.228, 654.110, 656.105, 661.115, 665.130, 665.133, 669.275, 669.285, 669A.310, 671.170, 673.450, 673.480, 675.380, 676A.340, 676A.370, 677.243, 679B.122, 679B.152, 679B.159, 679B.190, 679B.285, 679B.690, 680A.270, 681A.440, 681B.260, 681B.410, 681B.540, 683A.0873, 685A.077, 686A.289, 686B.170, 686C.306, 687A.110, 687A.115, 687C.010, 688C.230, 688C.480, 688C.490, 689A.696, 692A.117, 692C.190, 692C.3507, 692C.3536, 692C.3538, 692C.354, 692C.420, 693A.480, 693A.615, 696B.550, 696C.120, 703.196, 704B.320, - *AB466_R1* – 6 – 704B.325, 706.1725, 706A.230, 710.159, 711.600, and section 1 of this act, sections 35, 38 and 41 of chapter 478, Statutes of Nevada 2011 and section 2 of chapter 391, Statutes of Nevada 2013 and unless otherwise declared by law to be confidential, all public books and public records of a governmental entity must be open at all times during office hours to inspection by any person, and may be fully copied or an abstract or memorandum may be prepared from those public books and public records.
Any such copies, abstracts or memoranda may be used to supply the general public with copies, abstracts or memoranda of the records or may be used in any other - 80th Session (2019) – 6 – way to the advantage of the governmental entity or of the general public.
A governmental entity that has legal custody or control of a public book or record shall not deny a request made pursuant to subsection 1 to inspect or copy or receive a copy of a public book or record on the basis that the requested public book or record contains information that is confidential if the governmental entity can redact, delete, conceal or separate the confidential information from otherwisethe confidential.dinformation included in the public book or record that is not 4.otherwise confidential.
A4. person may request a copy of a public record in any employee or agent of a governmental entity who has legal custodyer, or control of a public record:
(a)A Shallperson notmay refuserequest to provide a copy of thata public record in aany readily available medium becausein thewhich officer, employee or agent has already prepared or would prefer to provide the copypublic inrecord ais differentreadily medium.available.
An officer, employee or agent of a governmental entity who has legal custody or control of a public record:
readily available medium because the officer, employee or agent hasa already prepared or would prefer to provide the copy in a different medium.
- *AB466_R1* – 7 – 2.
H~~~~~ 19 - *AB466_R1*80th Session (2019)
View plain text versions (3)
- Enrolled As Enrolled Current pdf
- Reprint 1 View text pdf
- Introduced As Introduced pdf
Amendments
1 amendmentClick Show changes on an amendment above to see how it modifies the bill.
Action History
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Approved by the Governor. Chapter 403.
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Enrolled and delivered to Governor.
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In Assembly. To enrollment.
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Read third time. Passed. Title approved. (Yeas: 19, Nays: None, Excused: 1, Not voting: 1.) To Assembly.
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From committee: Do pass. Placed on Second Reading File. Read second time.
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Read third time. Passed, as amended. Title approved. (Yeas: 40, Nays: None, Excused: 1, Vacant: 1.) To Senate. In Senate. Read first time. Referred to Committee on Government Affairs. To committee.
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From committee: Do pass, as amended. Placed on General File. Taken from General File. Placed on General File for next legislative day.
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From printer. To engrossment. Engrossed. First reprint. To committee.
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Notice of eligibility for exemption. Read second time. Amended. (Amend. No. 407.) Rereferred to Committee on Ways and Means. Exemption effective. To printer.
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From committee: Amend, and do pass as amended.
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From printer. To committee.
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Read first time. Referred to Committee on Taxation. To printer.
Sponsors
- Assembly Committee on Growth and Infrastructure · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 66 not signed on
Sponsors (1)
- Assembly Committee on Growth and Infrastructure
Co-sponsors (0)
None.
Not signed on (66)
66 members have not signed on to this bill.
Show all 66 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does AB 466 do?
- AN ACT relating to financial transactions; requiring the State Treasurer to create a pilot program for the establishment of one or more closed-loop payment processing systems to facilitate certain financial transactions relating to marijuana; setting forth certain requirements for a closed-loop payment processing system; and providing other matters properly relating thereto.
- Who sponsors AB 466?
- AB 466 is sponsored by Assembly Committee on Growth and Infrastructure.
- What is the current status of AB 466?
- This bill has been enacted into law. Introduced March 25, 2019. Enacted.
- Where can I track AB 466?
- Track AB 466 free on One Click Politics — get push/email alerts when it moves.
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