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Illinois Sales and Use Tax Multiple Site Form for Cannabis Dispensaries(Instructions)
Extracted from PDF file 2023-illinois-form-cd-2-instructions.pdf, last modified August 2023Sales and Use Tax Multiple Site Form for Cannabis Dispensaries(Instructions)
Form CD-2 Instructions Illinois Department of Revenue General Information Who must file Schedule CD-2? If you have one business but sell cannabis at more than one dispensary (site), you must collect and remit Sales and Use Tax due on cannabis according to the rates of each particular location. Use Schedule CD-2, Sales and Use Tax Multiple Site Form for Cannabis Dispensaries, to show the breakdown of taxes collected and remitted from each site. T O N O D AIL M How do I report my sales? Follow the specific instructions at the bottom of the page to report your cannabis sales. You must identify and report sales from each dispensing site separately. How can I find out what tax rates I should be collecting? Rates vary upon site location. When you file electronically using the free application on our website at MyTax.Illinois.gov, the rates will be populated for you according to your registration. You can also use the MyTax Rate Finder at MyTax.Illinois.gov to look up location specific tax rates. What if I need help? If you have questions or need help completing your return, call us weekdays between 8:00 a.m. and 4:30 p.m. at 217 782-5906. You may also visit our website at tax.illinois.gov or scan the QR code provided. Specific Instructions When completing this form, please round to the nearest dollar by dropping amounts less than 50 cents and increasing amounts of 50 cents or more to the next higher dollar. Enter your business’ Account ID and filing period. Dispensary Sites Dispensary site location, name and address - For each site, enter the location code, DBA name and physical address of the dispensing organization from which you made your sales. Line 4a Taxable receipts from adult use cannabis sold For each site, write the total amount of taxable receipts from adult use cannabis sold minus the amount of any deductions to adult use cannabis sales that you are claiming. Line 4 Multiply Line 4a by the tax rate. Line 5a Taxable receipts from medical cannabis sold For each site, write the total amount of taxable receipts from medical cannabis sold minus the amount of any deductions to medical cannabis sales that you are claiming. Line 5 Multiply Line 5a by the tax rate. Page totals Complete the page totals for each page by adding the amounts on the corresponding lines for each site and writing the sum on the page total line at the bottom of each page. The sum of all combined Schedules CD-2 page totals must equal the corresponding lines on Form CD-1. CD-2 Instructions (R-09/23) Printed by the authority of the state of Illinois - web only - one copy
CD-2 Sales and Use Tax Multiple Site Form for Cannabis Dispensaries
More about the Illinois Form CD-2 Instructions Individual Income Tax TY 2023
Instructions for Form CD-2, Sales and Use Tax Multiple Site Form for Cannabis Dispensaries
We last updated the Sales and Use Tax Multiple Site Form for Cannabis Dispensaries(Instructions) in February 2024, so this is the latest version of Form CD-2 Instructions, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CD-2 Instructions directly from TaxFormFinder. You can print other Illinois tax forms here.
Other Illinois Individual Income Tax Forms:
TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IL-1040-PTR | Property Tax Rebate Form |
| Form IL-1040 | Individual Income Tax Return |
| Schedule ICR | Illinois Tax Credits |
| Form IL-1040-V | Payment Voucher for Individual Income Tax |
| Form IL-1040-ES | Estimated Income Tax Payments for Individuals |
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 CD-2 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 CD-2 Instructions
We have a total of two past-year versions of Form CD-2 Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CD-2 Instructions
CD-2 Sales and Use Tax Multiple Site Form for Cannabis Dispensaries
2022 Form CD-2 Instructions
CD-2 Sales and Use Tax Multiple Site Form for Cannabis Dispensaries
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