Ill. Admin. Code tit. 86, § 422.100 - Nature of the Tax
a)
Beginning September 1, 2019, the Cannabis Cultivation Privilege Tax Law
imposes a tax on the privilege of cultivating cannabis in this State at the
rate of 7% of gross receipts received from the first sale of cannabis by the
cultivator. [410 ILCS
705/60-10(a) ]
b) The Tax is imposed upon cultivation
centers and craft growers growing cannabis for sale to cannabis business
establishments. The Cannabis Cultivation Privilege Tax imposed by Section 60-10
of the Law is imposed only upon a cultivation center or craft grower
who makes the first sale and is not imposed upon a subsequent
purchaser, a dispensing organization, or an infuser. Persons subject to the Tax
imposed under the Law may, however, reimburse themselves for their Tax
liability by separately stating reimbursement for their Tax liability as an
additional charge. [410 ILCS
705/60-10(b) ]
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.