SB 2196 Illinois Senate · 103rd Regular Session

REVENUE-TAXATION OF CANNABIS

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2023

Committee Review

Floor Vote

Governor

Introduced Feb 10, 2023 Last action Mar 10, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 10, 2023

House · Referred to committee

Rule 3-9(a) / Re-referred to Assignments

Mar 9, 2023

House · Reported by committee

To Subcommittee on Cannabis

Mar 7, 2023

House · Reported by committee

Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendment will remain in the Committee on Assignments

Mar 3, 2023

House · Referred to committee

Senate Committee Amendment No. 1 Referred to Assignments

Mar 3, 2023

House · Amendment offered

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.

Feb 28, 2023

House · Referred to committee

Assigned to Executive

Feb 10, 2023

House · Referred to committee

Referred to Assignments

1 primary · 0 co-sponsors