REVENUE-TAXATION OF CANNABIS Senate SponsorsSen. Elgie R. Sims, Jr. 1/7/2025SenateSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-20370 ILCS 200/245-1270 ILCS 750/2570 ILCS 1605/3070 ILCS 3610/5.01from Ch. 111 2/3, par. 355.0170 ILCS 3720/4from Ch. 111 2/3, par. 254410 ILCS 705/20-50410 ILCS 705/60-10410 ILCS 705/65-10Amends 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. 2/10/2023SenateFiled with Secretary by Sen. Elgie R. Sims, Jr. 2/10/2023SenateFirst Reading 2/10/2023SenateReferred to Assignments 2/28/2023SenateAssigned to Executive 3/3/2023SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr. 3/3/2023SenateSenate Committee Amendment No. 1 Referred to Assignments 3/7/2023SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendment will remain in the Committee on Assignments 3/9/2023SenateTo Subcommittee on Cannabis 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die