· IL legislature · 104th

INDUSTRIAL HEMP ACT

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…

Sponsor

Emil Jones (D-IL)

Introduced

2026-02-04

Policy area

Agriculture and Food

Latest action

Rule 2-10 Committee Deadline Established As April 24, 2026