IL HB4465 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 16 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Retailers' Occupation Tax Act. In a provision concerning the rate of tax, provides that the definition "prescription and nonprescription medicine and drugs" includes cannabis or cannabis-infused products purchased from a dispensing organization under the Cannabis Regulation and Tax Act by a cardholder under the Compassionate Use of Medical Cannabis Act. Amends the Cannabis Regulation and Tax Act. Provides that the tax imposed under the provisions is not imposed on cannabis-infused product that is subject to tax under the Compassionate Use of Medical Cannabis Program Act or cannabis or cannabis-infused product sold to a cardholder under the Compassionate Use of Medical Cannabis Program Act. Effective January 1, 2026.

Tracking Information

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Title

MEDICAL CANNABIS-TAX

Sponsors


History

DateChamberAction
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-27HouseAssigned to Executive Committee
2024-01-16HouseReferred to Rules Committee
2024-01-16HouseFirst Reading
2024-01-16HouseFiled with the Clerk by Rep. Sonya M. Harper

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351202-10Amended CodeCitation Text
41070565-10Amended CodeCitation Text

Illinois State Sources


Bill Comments

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