IL SB2196 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
REVENUE-TAXATION OF CANNABIS
Sponsors
Sen. Elgie Sims [D] |
History
Date | Chamber | Action |
---|---|---|
2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2023-03-09 | Senate | To Subcommittee on Cannabis |
2023-03-07 | Senate | Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendment will remain in the Committee on Assignments |
2023-03-03 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
2023-03-03 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr. |
2023-02-28 | Senate | Assigned to Executive |
2023-02-10 | Senate | Referred to Assignments |
2023-02-10 | Senate | First Reading |
2023-02-10 | Senate | Filed with Secretary by Sen. Elgie R. Sims, Jr. |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 5 | 203 | Amended Code | Citation Text |
410 | 705 | 20-50 | Amended Code | Citation Text |
410 | 705 | 60-10 | Amended Code | Citation Text |
410 | 705 | 65-10 | Amended Code | Citation Text |
70 | 1605 | 30 | Amended Code | Citation Text |
70 | 200 | 245-12 | Amended Code | Citation Text |
70 | 3610 | 5.01 | Amended Code | Citation Text |
70 | 3720 | 4 | Amended Code | Citation Text |
70 | 750 | 25 | Amended Code | Citation Text |