SB3377 - 104th General Assembly (2025-2026)

INDUSTRIAL HEMP ACT
Last Action

2/18/2026 - Senate: To Cannabis
Senate Sponsors

Sen. Emil Jones, III
Statutes Amended In Order of Appearance

Synopsis As Introduced

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 1995 to exclude hemp-cannabinoid products subject to tax under the Industrial Hemp Act from the definition of tobacco products. Amends the Liquor Control Act of 1934 to provide that hemp extract and hemp-cannabinoid products made in compliance with State law are considered fit for human consumption. Authorizes liquor license holders to manufacture, distribute, and sell such products. Amends the Industrial Hemp Act to establish a comprehensive regulatory framework for hemp and hemp-derived cannabinoid products, including licensing, registration, packaging and labeling standards, age verification, laboratory testing, recordkeeping, enforcement, and penalties. Creates the Hemp Social Equity Fund to support loans, grants, and technical assistance for social equity applicants. Makes conforming changes to the State Finance Act. Effective January 1, 2027.
Actions

DateChamberAction
2/04/2026SenateFiled with Secretary by Sen. Emil Jones, III
2/04/2026SenateFirst Reading
2/04/2026SenateReferred to Assignments
2/17/2026SenateAssigned to Executive
2/18/2026SenateTo Cannabis