Illinois House Bill 5039

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Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 4 2026 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates a corporate income tax deduction for hemp business establishments in an amount equal to 50% of the income generated by the sale of products made by businesses owned by minority and other specific priority-population-owned businesses. Amends the Tobacco Products Tax Act of 1995 to exclude hemp-cannabinoid products subject to tax under the Industrial Hemp Act from the definition of tobacco products. Amends the Liquor Control Act of 1934 to provide that hemp extract and hemp-cannabinoid products made in compliance with State law are considered fit for human consumption. Authorizes liquor license holders to manufacture, distribute, and sell such products. Amends the Industrial Hemp Act to establish a comprehensive regulatory framework for hemp and hemp-derived cannabinoid products, including licensing, registration, packaging and labeling standards, age verification, laboratory testing, recordkeeping, enforcement, and penalties. Creates the Hemp Social Equity Fund to support loans, grants, and technical assistance for social equity applicants. Makes conforming changes to the State Finance Act. Effective January 1, 2027.

INDUSTRIAL HEMP ACT

Rep. Sonya Harper [D]

Date	Chamber	Action
2026-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2026-03-26	House	To Cannabis & Intoxicating Products Subcommittee
2026-03-12	House	Assigned to Executive Committee
2026-02-10	House	Referred to Rules Committee
2026-02-10	House	First Reading
2026-02-04	House	Filed with the Clerk by Rep. Sonya M. Harper

Chapter	Article	Section	Citation Type	Statute Text
235	5	6-29.2	New Code	See Bill Text
30	105	5.1038	New Code	See Bill Text
35	143	10-5	Amended Code	Citation Text
35	5	203	Amended Code	Citation Text
505	89	10	Amended Code	Citation Text
505	89	100	New Code	See Bill Text
505	89	11	New Code	See Bill Text
505	89	15	Amended Code	Citation Text
505	89	16	New Code	See Bill Text
505	89	17	Amended Code	Citation Text
505	89	18	Amended Code	Citation Text
505	89	18.10	New Code	See Bill Text
505	89	18.5	New Code	See Bill Text
505	89	19	Amended Code	Citation Text
505	89	20	Amended Code	Citation Text
505	89	21	New Code	See Bill Text
505	89	22	New Code	See Bill Text
505	89	22.10	New Code	See Bill Text
505	89	22.15	New Code	See Bill Text
505	89	22.5	New Code	See Bill Text
505	89	23	New Code	See Bill Text
505	89	23.10	New Code	See Bill Text
505	89	23.15	New Code	See Bill Text
505	89	23.20	New Code	See Bill Text
505	89	23.25	New Code	See Bill Text
505	89	23.30	New Code	See Bill Text
505	89	23.35	New Code	See Bill Text
505	89	24	New Code	See Bill Text
505	89	25	Amended Code	Citation Text
505	89	26	New Code	See Bill Text
505	89	27	New Code	See Bill Text
505	89	28	New Code	See Bill Text
505	89	3	New Code	See Bill Text
505	89	30	New Code	See Bill Text
505	89	35	New Code	See Bill Text
505	89	40	New Code	See Bill Text
505	89	45	New Code	See Bill Text
505	89	5	Amended Code	Citation Text
505	89	5.1	New Code	See Bill Text
505	89	5.10	New Code	See Bill Text
505	89	5.11	New Code	See Bill Text
505	89	5.12	New Code	See Bill Text
505	89	5.13	New Code	See Bill Text
505	89	5.2	New Code	See Bill Text
505	89	5.3	New Code	See Bill Text
505	89	5.4	New Code	See Bill Text
505	89	5.5	New Code	See Bill Text
505	89	5.6	New Code	See Bill Text
505	89	5.7	New Code	See Bill Text
505	89	5.8	New Code	See Bill Text
505	89	5.9	New Code	See Bill Text
505	89	50	New Code	See Bill Text
505	89	55	New Code	See Bill Text
505	89	60	New Code	See Bill Text
505	89	65	New Code	See Bill Text
505	89	7	New Code	See Bill Text
505	89	8	New Code	See Bill Text
505	89	8-5	New Code	See Bill Text
505	89	80	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=5039&GAID=18&DocTypeID=HB&LegId=166523&SessionID=114
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=207869&DocName=10400HB5039&DocNum=5039&DocTypeID=HB&LegID=166523&GAID=18&SessionID=114&SpecSess=&Session=