IL SB2196 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
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 |
---|---|---|
2025-01-07 | Senate | Session Sine Die |
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 |