REVENUE-TAXATION OF CANNABIS

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the deductions and credits that were disallowed under Section 280E of the Internal Revenue Code for the taxable year. Amends the Civic Center Code, the Flood Prevention District Act, the Metro-East Park and Recreation District Act, the Local Mass Transit District Act, and the Water Commission Act of 1985 to provide that those special districts may not levy a tax upon the cultivation and processing of adult use cannabis. Effective immediately.

Every action

10 steps, oldest first, as the legislature records them.

1. Feb 10, 2023SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.
2. Feb 10, 2023SenateFirst Reading
3. Feb 10, 2023CommitteeReferred to Assignments · Senate Assignments
4. Feb 28, 2023CommitteeAssigned to Executive · Senate Executive
5. Mar 3, 2023SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.
6. Mar 3, 2023CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
7. Mar 7, 2023CommitteeSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendment will remain in the Committee on Assignments · Senate Assignments
8. Mar 9, 2023CommitteeTo Subcommittee on Cannabis · Senate Cannabis
9. Mar 10, 2023CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
10. Jan 7, 2025SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

• Elgie R. Sims, Jr.D Primary sponsor · District 17