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IL SB2229

IL SB2229
FINANCE-CANNABIS PROCEEDS


summary

Introduced
02/07/2025
In Committee
02/07/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the State Finance Act. Increases the percentage of moneys that are transferred from the Cannabis Regulation Fund to the Local Government Distributive Fund. Provides that moneys allocated to counties under those provisions shall be directed to a fund under the control of the Sheriff. Effective immediately.

AI Summary

This bill amends the State Finance Act to increase the percentage of cannabis-related tax revenue transferred to the Local Government Distributive Fund from 8% to 15%. Specifically, the bill directs that the funds allocated to each county under this provision must be placed in a fund controlled by the county's sheriff. These funds are intended to support crime prevention programs, training, and interdiction efforts focused on addressing the illegal cannabis market and preventing driving under the influence of cannabis. The bill also adjusts the percentage of cannabis tax revenue transferred to the General Revenue Fund, reducing it from 35% to 28%. The changes aim to provide more local resources for law enforcement and cannabis-related prevention efforts while slightly modifying the overall distribution of cannabis tax revenues across different state funds. The bill takes effect immediately upon becoming law.

Sponsors (1)

Last Action

Referred to Assignments (on 02/07/2025)

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