Clarifies process for administrative appropriations to UEZs; makes appropriation.

This bill clarifies how tax revenues from Urban Enterprise Zones (UEZs) are deposited into the Enterprise Zone Assistance Fund, appropriating $82.5 million annually (adjusted for inflation) for economic development in designated zones. It requires that revenues from retail sales qualifying for a 50% sales tax exemption be deposited into the fund, while excluding medical and recreational cannabis sales from this exemption. The bill establishes a formula for determining annual appropriations based on tax savings from the UEZ program. This affects businesses operating in designated enterprise zones, the UEZ Authority, and municipalities managing enterprise zones.