LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS FISCAL IMPACT STATEMENT LS 7595 NOTE PREPARED: Jan 10, 2025 BILL NUMBER: HB 1425 BILL AMENDED: SUBJECT: Lab Grown Meat Labeling. FIRST AUTHOR: Rep. Baird BILL STATUS: As Introduced FIRST SPONSOR: FUNDS AFFECTED: GENERAL IMPACT: Pending DEDICATED FEDERAL Summary of Legislation: The bill prohibits a person from intentionally misbranding a cultivated meat product as a meat product. Effective Date: July 1, 2025. Explanation of State Expenditures: As of the above date, the fiscal analysis of this bill has not been completed. Please contact the Office of Fiscal and Management Analysis for an update of this fiscal impact statement. Explanation of State Revenues: Explanation of Local Expenditures: Explanation of Local Revenues: State Agencies Affected: Local Agencies Affected: Information Sources: Fiscal Analyst: Heather Puletz, 317-234-9484. HB 1425 1