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Illinois Medical Cannabis Deductions
Extracted from PDF file 2023-illinois-form-mc-3.pdf, last modified February 2015Medical Cannabis Deductions
Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. Illinois Department of Revenue MC-3 REV 01 Medical Cannabis Deductions FORM 963 Page _____ of _____ Attach Schedule MC-3 to Form MC-1, Medical Cannabis Cultivation Privilege Tax Return. Account ID: ___ ___ ___ ___ ___ ___ ___ ___ License no.: MC - ___ ___ ___ ___ ___ Reporting period: ___ ___ / ___ ___ ___ ___ Month Year See Specific Instructions before completing the information below. Cultivation center’s information Location code of accepting cultivation center ___ ___ ___ - ___ ___ ___ ___ - ___ - ___ ___ ___ Dispensing organization’s information Account ID ___ ___ ___ ___ - ___ ___ ___ ___ Registry ID number ___ ___ - ___ ___ ___ Business name _____________________________________________________________________________________ Physical address _____________________________________________________________________________________ Number and street City State ZIP Reason for deduction and invoice number (See instructions.) Reason(s) ______________________________________________________________________________________ Invoice number(s) ______________________________________________________________________________________ Figure your deductions Deductible ounces for this dispensing organization 1b Number of deductible bulk ounces 2b Number of deductible ounces infused into products 1b _____________________ 2b _____________________ Deductible consideration for this dispensing organization 4b Deductible consideration for bulk ounces 5b Deductible consideration for ounces infused into products 4b _____________________ 5b _____________________ Cultivation center’s information Location code of accepting cultivation center ___ ___ ___ - ___ ___ ___ ___ - ___ - ___ ___ ___ Dispensing organization’s information Account ID ___ ___ ___ ___ - ___ ___ ___ ___ Registry ID number ___ ___ - ___ ___ ___ Business name _____________________________________________________________________________________ Physical address _____________________________________________________________________________________ Number and street City State ZIP Reason for deduction and invoice number (See instructions.) Reason(s) ______________________________________________________________________________________ Invoice number(s) ______________________________________________________________________________________ Figure your deductions Deductible ounces for this dispensing organization 1b Number of deductible bulk ounces 2b Number of deductible ounces infused into products 1b _____________________ 2b _____________________ Deductible consideration for this dispensing organization 4b Deductible consideration for bulk ounces 5b Deductible consideration for ounces infused into products 496301110 Reset 4b _____________________ 5b _____________________ Page totals 1b _____________________ 2b _____________________ 4b _____________________ 5b _____________________ Print This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this information is required. Failure to provide information may result in this form not being processed and may result in a penalty. MC-3 (N-05/15)
MC-3, Medical Cannabis Deductions
More about the Illinois Form MC-3 Corporate Income Tax TY 2023
We last updated the Medical Cannabis Deductions in February 2024, so this is the latest version of Form MC-3, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form MC-3 directly from TaxFormFinder. You can print other Illinois tax forms here.
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TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Schedule UB-NLD | Unitary Illinois Net Loss Deduction [OBSOLETE] |
| Form IL-1041-V | Payment Voucher for Fiduciary Income and Replacement Tax |
| Form IL-1120-ST | Small Business Corporation Replacement Tax Return (Includes Schedule B) |
| Form IL-1120 | Corporation Income and Replacement Tax Return |
| Form IL-1041 | Fiduciary Income and Replacement Tax Return (Includes Schedule D) |
View all 76 Illinois Income Tax Forms
Form Sources:
Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Form MC-3 from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Illinois Form MC-3
We have a total of eight past-year versions of Form MC-3 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form MC-3
MC-3, Medical Cannabis Deductions
2022 Form MC-3
MC-3, Medical Cannabis Deductions
2021 Form MC-3
MC-3, Medical Cannabis Deductions
2020 Form MC-3
MC-3, Medical Cannabis Deductions
2019 Form MC-3
MC-3, Medical Cannabis Deductions
2018 Form MC-3
MC-3, Medical Cannabis Deductions
2016 Form MC-3
MC-3, Medical Cannabis Deductions
2015 Form MC-3
MC-3, Medical Cannabis Deductions
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