summary
Introduced
01/15/2026
01/15/2026
In Committee
01/20/2026
01/20/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Cannabis Regulation and Tax Act. Creates the Illinois Future Fund as a special fund in the State treasury. Requires the Department of Human Services to establish the Direct Cash Assistance Program, which will provide qualifying individuals with a monthly cash payment of $500. Allows the Department of Human Services to adopt rules. Defines terms. Makes conforming changes in the State Finance Act regarding the Illinois Future Fund and further amends the Act in provisions regarding the Cannabis Regulation Fund. Provides that the 25% of the monthly amount transferred from the Cannabis Regulation Fund that is transferred to the Criminal Justice Information Projects Fund shall be changed, beginning July 1, 2027, according to the following schedule: (i) for the 2028 fiscal year, the excess between the amount transferred during the 2027 calendar year and the amount transferred in the 2026 calendar year shall be transferred from the Cannabis Regulation Fund to the Illinois Future Fund, and the remainder of the 25% of the monthly amount transferred from the Cannabis Regulation Fund shall be transferred to the Criminal Justice Information Projects Fund; (ii) for the 2029 fiscal year, only 20% shall be transferred to the Criminal Justice Information Projects Fund and 5% shall be transferred to the Illinois Future Fund; (iii) for the 2030 fiscal year, only 15% shall be transferred to the Criminal Justice Information Projects Fund and 10% shall be transferred to the Illinois Future Fund; (iv) for the 2031 fiscal year, only 10% shall be transferred to the Criminal Justice Information Projects Fund and 15% shall be transferred to the Illinois Future Fund; (v) for the 2032 fiscal year, only 5% shall be transferred to the Criminal Justice Information Projects Fund and 20% shall be transferred to the Illinois Future Fund; and (vi) for the 2033 fiscal year and all subsequent fiscal years, 25% shall be transferred to the Illinois Future Fund.
AI Summary
This bill establishes the Illinois Future Fund as a special state treasury fund and mandates the Department of Human Services to create a Direct Cash Assistance Program, providing qualifying individuals with a $500 monthly cash payment. To be eligible, an individual must reside in a "disproportionately impacted area" (communities historically harmed by economic disinvestment and cannabis criminalization) and either currently receive SNAP (Supplemental Nutrition Assistance Program, a federal food assistance program) or have been eligible for it in 2025. The bill also outlines a phased shift in how funds from the Cannabis Regulation Fund are allocated, gradually increasing the percentage transferred to the new Illinois Future Fund from 2027 through 2033, while decreasing the amount going to the Criminal Justice Information Projects Fund, which supports the Restore, Reinvest, and Renew Program. The Department of Human Services is authorized to adopt necessary rules for the program's implementation.
Sponsors (3)
Last Action
Added Co-Sponsor Rep. Kelly M. Cassidy (on 02/20/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...