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]

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.

Tracking Information

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Title

REVENUE-TAXATION OF CANNABIS

Sponsors


History

DateChamberAction
2023-03-10SenateRule 3-9(a) / Re-referred to Assignments
2023-03-09SenateTo Subcommittee on Cannabis
2023-03-07SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendment will remain in the Committee on Assignments
2023-03-03SenateSenate Committee Amendment No. 1 Referred to Assignments
2023-03-03SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.
2023-02-28SenateAssigned to Executive
2023-02-10SenateReferred to Assignments
2023-02-10SenateFirst Reading
2023-02-10SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355203Amended CodeCitation Text
41070520-50Amended CodeCitation Text
41070560-10Amended CodeCitation Text
41070565-10Amended CodeCitation Text
70160530Amended CodeCitation Text
70200245-12Amended CodeCitation Text
7036105.01Amended CodeCitation Text
7037204Amended CodeCitation Text
7075025Amended CodeCitation Text

Illinois State Sources


Bill Comments

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