TaxFormFinder
Illinois Adult Use Cannabis Cultivation Privilege Tax Return (Instructions)
Extracted from PDF file 2023-illinois-form-cc-1-instructions.pdf, last modified September 2019Adult Use Cannabis Cultivation Privilege Tax Return (Instructions)
Illinois Department of Revenue Form CC-1 General Information What is the Cannabis Cultivation Privilege Tax? What if I fail to file or pay the amount I owe? The Cannabis Cultivation Privilege Tax is tax imposed on gross receipts of the first sale of adult use cannabis by a cultivator or craft grower for the privilege of cultivating cannabis. The Cannabis Cultivation Privilege Tax is authorized by the Cannabis Cultivation Privilege Tax Law (see 410 ILCS 705/60-1 et seq.). You owe a late-filing penalty if you do not file a processable return by the due date, a late-payment penalty if you do not pay the amount you owe by the payment’s due date, a bad check penalty if your remittance is not honored by your financial institution, and a cost of collection fee if you do not pay the amount you owe within 30 days of the date printed on a bill. Interest is calculated on tax from the day the payment was due through the date you pay the liability. We will bill you for penalty and interest. For more information, see Publication 103, Penalty and Interest for Illinois Taxes, which is available on our website at tax.illinois.gov. Who must file Form CC-1? You must file Form CC-1, Adult Use Cannabis Cultivation Privilege Tax Return, if you are licensed as a cannabis cultivation center or craft grower making sales of adult use cannabis. Cannabis cultivation centers selling medical cannabis must file Form MC-1, Medical Cannabis Cultivation Privilege Tax Return, to report sales of medical cannabis. Who must file Schedule CC-2? If you have one business but sell adult use cannabis at more than one cultivation site, you must report adult use cannabis sales subject to the Cannabis Cultivation Privilege Tax from each cultivation site. You must complete and file Schedule CC-2, Multiple Site Form for Adult Use Cannabis Cultivators, when you file your Form CC-1 to report the taxable receipts from each cultivation site. In addition, you will not be entitled to any discounts. See 410 ILCS 705/60-20 for more information. What if I need help? Visit our website at tax.illinois.gov, call us weekdays between 8:00 a.m. and 4:00 p.m. at 217 782-6045, or email us at: [email protected]. If I only sell medical cannabis, can I use Form CC-1? No, Form CC-1 is only used to report sales of adult use cannabis. Sales of medical cannabis must be reported on Form MC-1, Medical Cannabis Cultivation Privilege Tax Return. When must I file Form CC-1? You must file this return, along with any payment you owe, on or before the 20th day of the month following the end of the reporting period. Note: If the due date falls on a weekend or holiday, your return and payment are due the next business day. Can I file Form CC-1 and pay the tax due electronically? Illinois law requires Form CC-1 to be filed electronically and the tax to be paid electronically. You must use MyTax Illinois at mytax.illinois.gov to file your Form CC-1 and pay any tax due. To request a waiver of the electronic payment mandate, complete Form IL-900-EW, Electronic Waiver Request, which is available from the Illinois Department of Revenue by request at 217 782-6045 or email [email protected]. If granted and unless renewed, this waiver shall not exceed two years. CC-1 Instructions (N-12/19) Printed by the authority of the state of Illinois, web only-1 Specific Instructions When completing this form, please round to the nearest dollar by dropping amounts of less than 50 cents and increasing amounts of 50 cents or more to the next dollar. For multiple site businesses, use Schedule CC-2, Multiple Site Form for Adult Use Cannabis Cultivators, to report sales of adult use cannabis subject to the Cannabis Cultivation Privilege Tax from each cultivation site for your business during the filing period. You will need to complete Schedule CC-2 before completing Form CC-1. See Schedule CC-2 instructions. Submit Schedule CC-2 when you file Form CC-1. Step 1: Figure your taxable receipts from adult use cannabis sold Line 8 - Subtract Line 7 from Line 6. This is your Cannabis Cultivation Privilege Tax due after quarter-monthly payments. Line 9 - If you collected more Cannabis Cultivation Privilege Tax than is due, enter the amount of excess Cannabis Cultivation Privilege Tax that was collected. Line 10 - Add Lines 8 and 9. This is your total Cannabis Cultivation Privilege Tax due. Line 11 - If you have a credit memorandum or prior overpayment and you wish to use it toward what you owe, enter the amount you are using. Line 12 - Subtract Line 11 from Line 10. This is your total payment due. We will bill you for any penalty and interest amounts owed. See Publication 103, Penalties and Interest for Illinois Taxes, for more information. Note: Do not include medical cannabis sales. Note: For each line, include amounts from all sites, if applicable. Line 1 - Enter the total receipts from adult use cannabis sold before any deductions. Line 2a - Enter the amount you refunded for returned adult use cannabis products. Line 2b - Enter the total receipts from sales of adult use cannabis in which the Cannabis Cultivation Privilege Tax has been paid previously. Line 2c - Enter the amount of tax reimbursement collected on receipts of adult use cannabis sold. Line 2d - Describe any other deductions that you are claiming and enter the amount you are deducting. Line 2 - Add Lines 2a, 2b, 2c and 2d. This is your total deductions from adult use cannabis sold. Line 3 - Subtract Line 2 from Line 1. This is your taxable receipts from adult use cannabis sold. For multiple site businesses, this amount should be equal to the sum of Line 3 totals on all Schedules CC-2. (See CC-2 instructions for more information). Step 2: Figure your Cannabis Cultivation Privilege Tax due on adult use cannabis Line 4 - Multiply Line 3 by 7 percent (.07). This is your Cannabis Cultivation Privilege Tax due. Line 5 - If you file your return and pay the amount due by the due date, you are entitled to a discount. Enter the lesser of the product of Line 4 multiplied by 1.75 percent (.0175) or $1,000.00, only if you file your return and pay the amount due by the due date. Otherwise, enter ‘0’. Note: The discount is only valid for electronically filed returns and electronic payments, unless a payment waiver is in place. Line 6 -Subtract Line 5 from Line 4. This is your net Cannabis Cultivation Privilege Tax due. Line 7 - Enter the sum of all quarter-monthly (accelerated) payments that were made for the filing period of the return. CC-1 Instructions (N-12/19) Printed by the authority of the state of Illinois, web only-1
CC-1 Adult Use Cannabis Cultivation Privilege Tax Return
More about the Illinois Form CC-1 Instructions Individual Income Tax TY 2023
Instructions for Form CC-1, Adult-Use Cannabis Cultivation Privilege Tax Return
We last updated the Adult Use Cannabis Cultivation Privilege Tax Return (Instructions) in February 2024, so this is the latest version of Form CC-1 Instructions, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CC-1 Instructions directly from TaxFormFinder. You can print other Illinois tax forms here.
Related Illinois Individual Income Tax Forms:
TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Illinois Form CC-1 Instructions.
| Form Code | Form Name |
|---|---|
| Form CC-1-X Instructions | Amended Adult Use Cannabis Cultivation Privilege Tax Return (Instructions) |
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 CC-1 Instructions from the Department of Revenue in February 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Illinois Form CC-1 Instructions
We have a total of two past-year versions of Form CC-1 Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CC-1 Instructions
CC-1 Adult Use Cannabis Cultivation Privilege Tax Return
2022 Form CC-1 Instructions
CC-1 Adult Use Cannabis Cultivation Privilege Tax Return
TaxFormFinder Disclaimer:
While we do our best to keep our list of Illinois Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.